$LDO Short Liquidation: $8.3644K at $1.7934
🚨 Market Update:
Liquidation Type: Short
Liquidation Value: $8,364.40
Liquidation Price: $1.7934
💹 Market Insight:
LDO's sharp upward movement has liquidated short positions, signaling strong bullish momentum.
If buying pressure continues, key resistance levels could be tested, offering traders new opportunities.
🔥 Trading Strategy:
Entry Point: Consider entering near $1.8000, in line with bullish momentum.
Target 1: Look for the first target at $1.8500, a 2.8% potential gain.
Target 2: If bullish sentiment persists, aim for $1.9200, a significant resistance level.
Stop Loss: Place a stop-loss at $1.7500 to minimize downside risk.
💥 Key Levels to Monitor:
Support Zone: $1.7700 is a key support; a break below may indicate a short-term pullback.
Breakout Potential: A sustained move above $1.8500 could pave the way for a rally toward $2.0000, a psychological barrier.
🔔 Pro Tip:
Watch trading volume carefully! High volume near $1.8000 confirms bullish strength, while weak activity near resistance levels may suggest caution.
Adjust targets and stop-loss dynamically based on the market response.