After breaking above the $0.8 major high, LDO has shifted from bearish to bullish from a long-term perspective. 📈
This week, it has been undergoing a correction phase within a falling channel marked in red. 🔻
For the bulls to take over and kick off the next impulsive wave toward the $1.5 mark, a breakout above the upper red trendline is needed. 🚀
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich