🟢 $LDO /USDT Update – $0.7168 Holding Support, Reversal Setup Brewing! 🔄
Lido DAO ($LDO ) is currently trading at $0.7168, bouncing from the recent lows and holding above key support. The structure suggests a potential trend reversal forming, with a clean breakout setup if price pushes above $0.7400. Momentum is recovering slowly. 📈
📊 Market Snapshot:
Price: $0.7168
24H Range: $0.698 – $0.752
Trend: Early-stage bullish
Volume: Stabilizing – possible bottoming zone
RSI: Neutral → trending upward
📈 Technical Levels:
Support: $0.6950 → $0.6700
Resistance: $0.7400 → $0.7700 → $0.8000
Forming a W-bottom pattern on 4H chart
1H candles showing bullish divergence
🎯 Trade Setup:
✅ Bullish Play:
Entry: $0.7100 – $0.7200
TP1: $0.7400
TP2: $0.7700
TP3: $0.8000
SL: $0.6840
❌ Bearish (if rejection near $0.7400):
Short-term pullback to $0.6950 possible
Only short if BTC shows weakness
🧠 Pro Tips:
Use tight SL if trading short timeframe
Break and hold above $0.7400 = trend reversal confirmation
Combine with ETH/SOL sentiment for alt momentum strength
📌 Summary:
$LDO /USDT at $0.7168 is trying to flip bullish. A confirmed move above $0.7400 could set the stage for a move to $0.80+. Clean entry zone here for risk-managed traders! 💥
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