1. Technical Analysis
Current Price: $1.408 (+0.57%)
24 Hour Range: $1.357 (Low) - $1.447 (High)
24 Hour Volume: 14.24M LDO / 19.89M USDT
Key Indicators:
Bollinger Bands (20,2):
Upper Band: 1.659 (Strong resistance)
Middle Band: 1.179 (Dynamic support)
Lower Band: 0.698 (Extreme support).
Current price is between Middle and Upper Band, indicating a short-term bullish trend.
RSI(6): 63.006 (Approaching overbought, but not extreme).
Volume: Relatively high with MA(5) and MA(10) showing stable interest.
Trend:
Price is above MA/EMA, indicating an uptrend.
If the price breaks 1.447 (High 24 hours), the next target is 1.659 (Upper Bollinger Band).
If it fails, potential retrace to 1.357 (Low 24 hours) or 1.179 (Middle Bollinger Band).
2. Important Levels
Support:
1.357 (Low 24 hours)
1.242 (Psychological level)
1.179 (Middle Bollinger Band)
Resistance:
1.447 (High 24 hours)
1.628 (Intermediate level)
1.659 (Upper Bollinger Band)
3. Trading Strategy
A. Bullish Scenario (Buy)
Entry:
If the price consolidates above 1.408 with high volume.
Or breakout above 1.447 with volume confirmation.
Profit Target:
1.628 (Take Profit 1)
1.659 (Take Profit 2)
Stop Loss: Below 1.357 or 1.300 (to avoid false breakout).
B. Bearish Scenario (Sell/Short)
Entry:
If the price is rejected at 1.447 or 1.628 with RSI >70 (overbought).
Or breakdown below 1.357.
Profit Target:
1.242 (Take Profit 1)
1.179 (Take Profit 2)
Stop Loss: Above 1.447 or 1.500.
C. Scalping (15m/1H)
Use Bollinger Bands and RSI:
Buy near Middle Band (1.179) with RSI <50.
Sell near Upper Band (1.659) with RSI >70.
4. Risk Management
Use automatic stop loss to avoid large losses.
Minimal Risk-Reward Ratio 1:2 (example: SL 5%, TP 10%).
Avoid trading during low volatility or drastically decreased volume.
5. Additional Notes
Liquid Staking: If you hold LDO long term, consider staking for passive income.
News Update: Coastal development of the Lido DAO project and overall cryptocurrency market sentiment.
Disclaimer: Trading cryptocurrencies is highly risky. This analysis is not financial advice. Conduct your own research and adjust according to your risk profile.
