$LDO /USDT TECHNICAL ANALYSIS — RECENT PULLBACK WITH BULLISH POTENTIAL
Current Price: 1.520 USDT
24h High: 1.623
24h Low: 1.395
Key Levels:
Support: 1.485 (EMA99) and 1.520 (current price near EMA7)
Resistance: 1.62 - 1.63 (24h high zone)
EMA Levels:
EMA7: 1.521 (price right at EMA7, potential support)
EMA25: 1.528 (just above current price, possible resistance)
EMA99: 1.485 (strong support)
Technical Summary:
Price recently pulled back but is holding near EMA7 and above EMA99, indicating bullish bias with short-term consolidation.
Volume is strong with 84.82M LDO and 127.86M USDT traded, showing good market participation.
Recent +8.88% gain signals bullish interest despite short-term correction.
Watch MACD and other momentum indicators for confirmation of upward resumption.
Trade Setup:
Long Entry: Near current price or on dip towards EMA99 at 1.485
Stop Loss: Below 1.47 (below EMA99 support)
Take Profit Targets:
TP1: 1.62 (recent high resistance)
TP2: 1.68 (next resistance level)
Risk Management:
Risk 1-2% per trade.
Use stop loss to protect against downside.
Adjust SL to breakeven once partial profits are secured.
Summary:
$LDO/USDT is in a healthy bullish trend with strong EMA support. The current pullback offers a potential long entry opportunity with good risk/reward if price holds above EMA99 support.
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