🚨 Technical Analysis of Stock $LDO - Potential Sell Opportunity
Stock $LDO is trading within the resistance area 1.4990 - 1.6000, which previously represented a strong supply level. On the four-hour chart, momentum indicators indicate an overbought condition, while price action shows rejection candles near the top of the range - a sign of buyer exhaustion.
If Stock $LDO fails to break above the 1.6000 level and stay above it, we may see a corrective decline before any upward continuation.
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📉 Short Setup
Entry Area: 1.4990 - 1.6000
Target 1: 1.4200
Target 2: 1.3500
Target 3: 1.2800
Stop Loss: 1.6400
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💡 Note: A breakout and close above 1.6400 with strong trading volume will invalidate this sell setup and may open the door for a rise towards 1.7200+.
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