$LDO Long Liquidation Alert!
Liquidation Value: $5,403.6
Price Level: $1.84801
A significant long position has been liquidated, indicating that bullish traders were caught off-guard by strong selling pressure at this level. This event highlights a possible shift in momentum.
Key Market Insights:
1. Resistance Zone: $1.85 now acts as a key resistance. If the price struggles to break above, further downside could follow.
2. Support Zone: Watch for critical support around $1.78-$1.80. A breakdown below this zone could trigger more selling.
3. Market Sentiment: Bearish sentiment is gaining strength as long liquidations increase.
Suggested Trading Strategy:
1. For Short-Term Traders:
Scenario A: If $LDO fails to reclaim $1.85, consider shorting with a stop-loss at $1.88 and a target near $1.78.
Scenario B: If it reclaims $1.85 with strong volume, wait for a breakout above $1.90 for a potential long position.
2. For Long-Term Investors:
Look to accumulate cautiously if the price dips to $1.70-$1.75, a historically strong accumulation zone.
Note: Monitor overall market conditions and volume carefully. Avoid emotional trading; wait for confirmation signals before entering trades.
