We might see bounce on LDO in this particular zone
Hey traders!!!
LDO was trading between 2.66 and 2.20 in last weeks but now it has broken local support and it looks like it will take a look at lower price...
We can tell that we are in range where price is between big rezistance zone and big support zone, BUT from my perspective there is zone where potencial bounce could start...
Golden pocket zone, place where strongest MAs and EMA are met is good opportunity for LDO to turn back and heading to higher price...
Nothing is certain in trading and the zone also does not have to hold it and we can aim to green support zone which could be good entry zone to long position...
For me, those 2 zones are important and I will pay attention to them as I would like to be in trade...
This is all from me, I wish you good luck in trading and bye traders...
LDO was trading between 2.66 and 2.20 in last weeks but now it has broken local support and it looks like it will take a look at lower price...
We can tell that we are in range where price is between big rezistance zone and big support zone, BUT from my perspective there is zone where potencial bounce could start...
Golden pocket zone, place where strongest MAs and EMA are met is good opportunity for LDO to turn back and heading to higher price...
Nothing is certain in trading and the zone also does not have to hold it and we can aim to green support zone which could be good entry zone to long position...
For me, those 2 zones are important and I will pay attention to them as I would like to be in trade...
This is all from me, I wish you good luck in trading and bye traders...