$LDO Currently in a resistance zone and appears ready to break out, but I think it needs more time. Short setup.
Short Trading Plan for LDO (20x)
Entry: 0.37 – 0.38
SL: 0.418
TP1: 0.34
TP2: 0.31
TP3: 0.28
LDO is in a resistance zone and appears ready to break out, but I think it needs more time to consolidate before a real breakout can occur. The 0.37 – 0.38 zone is showing strong resistance, and the overall structure still favors sellers.
The stop loss is placed at 0.418, a fairly wide level, above the resistance zone. If it gets swept, no regrets. However, if the downward pressure continues, targets of 0.34 → 0.31 → 0.28 are entirely feasible.
The distance from entry to stop loss is quite wide (~10-13%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.
It's at a resistance zone and seems ready to break out, but I think it needs more time. Have you guys entered a short position yet? Comment to discuss!
Short Trading Plan for LDO (20x)
Entry: 0.37 – 0.38
SL: 0.418
TP1: 0.34
TP2: 0.31
TP3: 0.28
LDO is in a resistance zone and appears ready to break out, but I think it needs more time to consolidate before a real breakout can occur. The 0.37 – 0.38 zone is showing strong resistance, and the overall structure still favors sellers.
The stop loss is placed at 0.418, a fairly wide level, above the resistance zone. If it gets swept, no regrets. However, if the downward pressure continues, targets of 0.34 → 0.31 → 0.28 are entirely feasible.
The distance from entry to stop loss is quite wide (~10-13%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.
It's at a resistance zone and seems ready to break out, but I think it needs more time. Have you guys entered a short position yet? Comment to discuss!