$LDO Short Liquidation.

An explosive $4,836.4 worth of short positions was liquidated at the key price level of $1.916.

What does this mean.

Short liquidation occurs when traders betting on the price to drop (short sellers) are forced to exit their positions due to the price moving against them.

At $1.93456, LDO surged enough to trigger massive short liquidations, showing strong bullish momentum in the market.

Why is this important.

1. Price Momentum: Such liquidations indicate a shift in market sentiment, potentially signaling further upward movement.

2. Liquidity Squeeze: The forced buy-back of LDO by liquidated shorts can fuel a rally.

Technical Analysis on $LDO

Support Levels:

$1.85 (Key support, a bounce zone).

$1.75 (Strong buy zone for long-term entries).

Resistance Levels:

$2.00 (Psychological barrier, possible breakout zone).

$2.15 (Major target if the rally sustains).

Trading Strategy.

Bullish Scenario: If LDO holds above $1.93456, it may retest $2.00 and aim for $2.15.

Bearish Scenario: If it fails to sustain above $1.85, expect a retracement to $1.75.

Stop-loss for longs: Below $1.80 for cautious trading.

The liquidations reveal the power of the market's bulls! Keep an eye on $LDO it’s ready to shake things up.

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