Short LDO

22 Şub 2023

From what I can see, a Wyckoff Distribution Schematic 1 can be applied for LDO's current price action (on 4H TF).

Now prices are retesting the range's high after a failed break-out.

In my opinion, retest would be rejected. In this case, a referenced setup is in chart.

22 Şub 2023

İşlem aktif

On 1H TF, a shooting star is found with good sell volume. It's a bearish sign

22 Şub 2023

Not

23 Şub 2023

İşlem kapandı: durdurma seviyesi

SL hit. This trade was closed.

23 Şub 2023

Not

The trade was not successful. I think that the entry was prematurely set.
In 4H TF, LDO broke the trendline and was rejected after retesting it.
Moreover, we can see engulfing candles in the same 4H TF.