$LDO - Lido long idea 20Period SMA relcaim
looking around today for things that haven't popped off yet, and i think $LDO has a chance.
Its had a nice little consolidationbelow 20 period SMA on the H4 and reclaimed it giving us a clear invalidation level to put our stop below.
for the target I've used a bit of classical charting for a bull flag pattern measuring the length of the "flag pole" and placing that at the breakout level, its all just guess as LDO is currently in price discovery, so could go a lot further, i will prob hold for while on this if i don't get stopped out
entry 2.6
stop 2.28ish
target 3.5ish
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Its had a nice little consolidationbelow 20 period SMA on the H4 and reclaimed it giving us a clear invalidation level to put our stop below.
for the target I've used a bit of classical charting for a bull flag pattern measuring the length of the "flag pole" and placing that at the breakout level, its all just guess as LDO is currently in price discovery, so could go a lot further, i will prob hold for while on this if i don't get stopped out
entry 2.6
stop 2.28ish
target 3.5ish
follow me on the twitter website