#LDO
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.
We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.
There is a key support zone in green at 0.5300. The price has bounced from this level multiple times and is expected to bounce again.
We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward movement.
Entry price: 0.5412
First target: 0.5488
Second target: 0.5650
Third target: 0.5820
Don't forget a simple principle: money management.
Place your stop-loss order below the green support zone.
For any questions, please leave a comment.
Thank you.
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards breaking above it, with a retest of the upper boundary expected.
We have a downtrend on the RSI indicator, which has reached near the lower boundary, and an upward rebound is expected.
There is a key support zone in green at 0.5300. The price has bounced from this level multiple times and is expected to bounce again.
We have a trend towards consolidation above the 100-period moving average, as we are moving close to it, which supports the upward movement.
Entry price: 0.5412
First target: 0.5488
Second target: 0.5650
Third target: 0.5820
Don't forget a simple principle: money management.
Place your stop-loss order below the green support zone.
For any questions, please leave a comment.
Thank you.
Trade active
#LDO
First target: 0.5488 Reached
Second target: 0.5650 Reached
Trade closed: target reached
#LDO
First target: 0.5488 Reached
Second target: 0.5650 Reached
Third target: 0.5820 Reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 For More Signals Join Telegram Channel ( Futures/Spot )
👉 t.me/CryptoSignalFuturesSpot
👉 t.me/CryptoSignalFuturesSpot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.