Liquid Staking Derivatives, or LSD, have been one of the top searches in crypto recently. And LDO is one of the leading LSD protocols in the field.
It is worth investing in the mid to long-term. The perfect buy zone for LDO is located around 1.5-1.7$. But we can try scalp or swing trading here.
Long Setup:
Entry: 2.0xx
Sl: 1.8xx
Tp: 2.5xx
We still need to keep an eye on BTC, as Lunar New Year is approaching, and people might cash out at this time. The safer option is to wait for a correction and buy spot LDO at 1.5-ish.
Like always, remember to trade at your own risk and never risk more than you can afford to lose.
It is worth investing in the mid to long-term. The perfect buy zone for LDO is located around 1.5-1.7$. But we can try scalp or swing trading here.
Long Setup:
Entry: 2.0xx
Sl: 1.8xx
Tp: 2.5xx
We still need to keep an eye on BTC, as Lunar New Year is approaching, and people might cash out at this time. The safer option is to wait for a correction and buy spot LDO at 1.5-ish.
Like always, remember to trade at your own risk and never risk more than you can afford to lose.
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Thank you for your support!
Visit our website for more educational content.
Join our Telegram Trading Channel:
t.me/CLtradinghub
