1. Technical Analysis
Current Price: 1.340 USDT (-4.42%)
Significant decline indicates selling pressure. Watch support and resistance levels for trend confirmation.
Bollinger Bands Indicator (20, 2)
Upper Band (UP): 1.669
Middle Band (MB): 1.191
Lower Band (DN): 0.714
Current price (1.340) is between MB and DN, approaching the lower band. This may indicate oversold, but needs confirmation from RSI and volume.
Trading Volume:
24-hour Volume: 2,226,369.54 USDT
MA(5): 26,363,703.52 (volume lower than the 5-day average)
MA(10): 44,194,534.48 (volume much lower than the 10-day average)
Insight: Low volume indicates lack of market participation. Watch for volume increase to confirm breakout or reversal.
RSI(6): 50.457
Neutral (approaching 50), not showing overbought or oversold. However, RSI 6 is more sensitive, so the next movements need to be monitored.
MACD:
DIF: 0.115
DEA: 0.108
MACD: 0.007 (thin positive histogram)
Insight: Weak signal, but if DIF crosses DEA upwards, it could be a buy signal. Conversely, if DIF falls, it signals to sell.
2. Important Levels
Support:
1.191 (Middle Band Bollinger)
0.714 (Lower Band Bollinger)
Resistance:
1.669 (Upper Band Bollinger)
Psychological level 1.500
3. Trading Strategy
A. Bullish Scenario (Buy)
Trigger:
Price bounced off support 1.191 with high volume.
RSI(6) > 50 and positive MACD histogram.
Entry: 1.200 - 1.250 (confirmation of rebound)
Target Profit: 1.500 (resistance) or 1.669 (Upper Band)
Stop Loss: Below 1.100 (if the price fails to maintain support).
B. Bearish Scenario (Sell)
Trigger:
Price failed to break 1.500 and RSI(6) < 50.
Negative MACD histogram (DIF < DEA).
Entry: 1.300 - 1.350 (after resistance rejection)
Target Profit: 1.000 (psychological support) or 0.714 (Lower Band)
Stop Loss: Above 1.400 (if the price reverses upwards).
C. Scalping (15m/1H)
Use Bollinger Bands:
Buy near the Lower Band with RSI > 30.
Sell near the Upper Band with RSI < 70.
Ensure volume supports price movement.
4. Risk Management
Use stop loss to limit losses.
Minimum risk-reward ratio of 1:2 (example: SL 10%, TP 20%).
Avoid trading if the volume is very low or there is no indicator confirmation.
5. Additional Recommendations
Monitor fundamental news related to Lido DAO (LDO) for market sentiment.
If the bearish trend is strong, consider waiting for the price to approach the Lower Band (0.714) before buying.
Disclaimer: This analysis is based on current technical data. Re-evaluate before execution and adjust to market conditions.
