Big $LDO Short Liquidation Alert! š„
We just witnessed a $5.0573K short liquidation at $2.08895 for Lido DAO (LDO). This signals that bears got caught, and bulls might be ready to take control.
A short liquidation like this often indicates an upcoming trend shift or continuation. Letās break it down and see whatās next!
š Current Market Sentiment:
Price Level: $2.08895
Volume: Strong
Momentum: Bulls gaining strength after short squeeze.
$LDO Trade Strategy:
1ļøā£ Buy Zone:
Start accumulating LDO between $2.06 - $2.10. This range shows support, and bulls are defending it well after the liquidation.
2ļøā£ Targets:
Target 1: $2.20 (Near resistance)
Target 2: $2.35 (Stronger breakout level if momentum continues)
Target 3: $2.50 (Aggressive upside potential if bullish rally picks up pace)
3ļøā£ Stop Loss:
Place your stop loss at $2.00 to minimize risk if the market turns against you.
š” Why This Setup Makes Sense:
Short liquidations often lead to sharp upward price moves due to forced buying.
$LDO is hovering near key support, making this a low-risk, high-reward opportunity.
With strong buying pressure, we expect a breakout above $2.20 soon.
š Pro Tip:
Watch for BTC or ETH movements since they influence LDO. If BTC breaks higher, itāll give extra fuel to LDOās rally!
Stay sharp, trade wisely, and letās aim for profits!
Disclaimer: This is not financial advice. Always DYOR (Do Your Own Research) before investing.
Would you like additional insights or market updates? Let me know!