Trading Settings: $LDO 🔥
The price is in an uptrend. It has bounced near the resistance of $2.50 once and is approaching it again. Now we are looking for the right opportunity to enter the uptrend. We are waiting for the price to either 1) break above $2.50, signaling the continuation of the uptrend with a potential increase of +40% to $3.60 further, or 2) pull back near the support zone of $1.50, which also coincides with the 200-day moving average, and could be an attractive entry for a swing trade with a potential increase of +30% to $2.00 or even $2.60. Stop-loss at $1.27.
