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sachu_blessyou
Mar 21, 2023 11:38 PM

LDO Bullish Scenario ($5 First Target) Long

LDO / US DollarBinance

Description

The three main reasons I see this as a good buying area are:

1. Bullish Ichimoku Cross
Very bullish signal along with a potential green cloud / if the price closes above the cloud

2. Bottom Channel
Currently at the bottom of the channel near lows, may see a spike down to grab this liquidity

3. Green Cloud
Ideally, we see a green cloud emerge indicating a new bullish trend and adding onto the strength of the bullish Ichimoku cross

Fundamentals:
They have an impressive amount of funds locked, the project seems solid and the macro seems aligned for a good buy
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