MyCryptoParadise_Simon

Lido explosive price rally after dead cat?đź‘€ Ldo analysis today

Long
BINANCE:LDOBUSD   None
đź’Žcurrently trading within a wedge pattern and has been following the VWAP 200 for the past few hours. At present, it's consolidating at a specific support level and holding its position firmly.

đź’ŽThe upper trendline was confirmed after four consecutive lower highs, creating a cycle of lower highs and lower lows.

đź’ŽAn interesting observation is that it also maintains strong support at 1.668 despite market uncertainty. This level is a significant point of interest.

đź’Ž if the price breaks, we could witness a downward move of 13%, followed by a bounce back and a return to upward momentum.

đź’Ž In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!

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