I almost let my emotions get the better of me when I saw $LDO 's recent price action, but cooler heads prevailed, and now I'm eyeing a short entry.
$LDO - SHORT🔴
Entry: 0.3747
SL: 0.3914
TP1: 0.3663
TP2: 0.358
TP3: 0.3496
The current volatility compression on the 15-minute chart suggests we're due for an expansion, and with the RSI at 37.8, I'm 70% confident we'll see a move downward on higher timeframes. The EMA20 and EMA50 alignment only adds to my conviction.
What happens next if $LDO breaks below its current support levels?
Click here to Trade 👇
$LDO - SHORT🔴
Entry: 0.3747
SL: 0.3914
TP1: 0.3663
TP2: 0.358
TP3: 0.3496
The current volatility compression on the 15-minute chart suggests we're due for an expansion, and with the RSI at 37.8, I'm 70% confident we'll see a move downward on higher timeframes. The EMA20 and EMA50 alignment only adds to my conviction.
What happens next if $LDO breaks below its current support levels?
Click here to Trade 👇