$LDO /USDT - Bulls Back in Action? Or Just a Trap? 😲🚀
$LDO has pulled off an unexpected bullish breakout on the 1H and 4H timeframes — giving a strong move from the 0.88 support zone straight into the mid-resistance band of 0.97.
🔍 Technical Breakdown:
📊 Current Price: $0.964 📈
📈 4H Candle: Bullish engulfing with high wick rejection near 0.981 — sign of profit booking but buyer strength.
📉 Stochastic RSI: Sharp bounce from the oversold zone ➡️ indicating a potential short-term bullish continuation.
🔵 Bollinger Bands: $LDO Price touched upper band — Expect a slight pullback before further upside.
🟠 Key Support: $0.930 / $0.903
🔴 Immediate Resistance: $0.981 followed by psychological $1.00 barrier.
💹 Trade Idea:
📍 Entry: $0.950–0.960 range
🎯 Target: $0.985 – $1.02
🛑 Stop-loss: Below $0.920
📌 Trade Duration: 12–36 hours (short-term momentum play)
⚠️ Why Bullish?
Market momentum shifting favorably with increasing buy volumes.
Strong RSI and Bollinger Band reaction suggest renewed buyer interest.
Overall sentiment in DeFi tokens improving short-term.
💡 Pro Tip: “Momentum never lies, but it tests your patience. Let the candle speak, not emotions.” 🧠🔥
📉 Disclaimer: This is not financial advice. Always DYOR and manage your risk.