$LDO Update: The Calm Before the Storm? Price Coiling at Key Level๐ค๐๐
LDO is currently trading at $0.854, hovering just above the support zone after a significant drop. $LDO Price has printed a short-term BOS (Break of Structure) on the 1h timeframe but is still trapped below heavy EMA resistance and supply zone.
Technical Breakdown:๐๐
Current Price: $0.854
Resistance Zone: $0.877 - $0.893
Support Zone: $0.838 - $0.850
RSI (15m & 1h): Both show strong recovery from oversold levels (above 87+), indicating bullish momentum building.
Stochastic RSI: Pushing into overbought on LTFs โ potential pullback before continuation.
Trade Setup:๐จโ๐ซ
Entry Zone: $0.850 - $0.852โ
Short-Term Target: $0.863 - $0.877๐ฏ
Stop Loss: $0.838โฃ๏ธ
Trade Duration: 1-2 Days Swing Setupโ
Why Bullish? ๐ค๐ฅ
Bounce from support with bullish engulfing candle.
RSI + Stoch showing strength on LTFs.
EMAs flattening = possible trend reversal soon.
Watch for breakout above $0.863 for momentum play.
๐จโโค๏ธโ๐จ"Markets punish the impatient. Let your setup come to you."
Disclaimer: โ ๏ธ
This analysis is for educational purposes only and does not constitute financial advice. Always DYOR before investing or trading.