$LDO #LDO 📉
Direction: SHORT
Entry zone: 0.306 to 0.311
Stop loss: 0.319
Target 1: 0.300
Target 2: 0.292
Lido DAO is trading near 0.3075 dollars, down 4.05 percent in 24 hours, inside a range of 0.2998 to 0.32264 dollars, and the recent closes show sellers holding it down, 0.308529, then 0.309378, then 0.309084, then 0.308507, then 0.307505. 🔴 My reading is that LDO is fading with the whole staking sector, because five closes stuck around 0.308 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Ethereum near 2,014 dollars gives it no help. A short from the current zone, with a stop above 0.319, targets 0.300 first and then 0.292 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does LDO break 0.300 today, or reclaim 0.319 first? 🤔
Follow for more trades.
#Lido #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.306 to 0.311
Stop loss: 0.319
Target 1: 0.300
Target 2: 0.292
Lido DAO is trading near 0.3075 dollars, down 4.05 percent in 24 hours, inside a range of 0.2998 to 0.32264 dollars, and the recent closes show sellers holding it down, 0.308529, then 0.309378, then 0.309084, then 0.308507, then 0.307505. 🔴 My reading is that LDO is fading with the whole staking sector, because five closes stuck around 0.308 dollars with the price sitting near the 24 hour low tells you buyers are not defending this level, and a weak Ethereum near 2,014 dollars gives it no help. A short from the current zone, with a stop above 0.319, targets 0.300 first and then 0.292 if sellers break the range low. A move above the stop kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does LDO break 0.300 today, or reclaim 0.319 first? 🤔
Follow for more trades.
#Lido #Crypto #FuturesTrading #TradingSignals
