$LDO

/USDT Technical Analysis & Trade Signal

Current Price: $1.836

24-hour High: $1.946

24-hour Low: $1.808

Technical Indicators:

Trend: Bearish short-term, as the price is currently below the 24-hour high.

Support Levels: $1.808 (recent low), $1.800 (strong buy zone).

Resistance Levels: $1.850 (near-term resistance), $1.946 (recent high).

Momentum:

The price is showing weak downward momentum, with the recent dip moving toward the lower range of $1.808. However, there is potential for consolidation or a slight rebound if buyers step in around support.

Trade Signal:

Action: Buy on Support / Sell on Resistance

Buy Signal: Enter a long position near $1.808 or $1.800, targeting a potential bounce.

Sell Signal: Consider taking profits or short positions near $1.850 (resistance level).

Target Levels:

1. Target 1: $1.850 (initial resistance, potential for short-term pullback).

2. Target 2: $1.900 (next level of resistance, higher potential if bullish momentum picks up).

3. Target 3: $1.946 (24-hour high, final target if the trend reverses upward).

Trade Momentum:

Bearish Short-term, but possible buy signal near support at $1.808 to capture potential bounce.

Bullish if price breaks $1.850 with momentum towards $1.946.

Recommendation: Watch for confirmation of support at $1.808, with careful entry around this level. Tight stop-loss below $1.800 is recommended to manage risk.

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