LDO/USDT Long-Term Accumulation Opportunity 🤝🎖️
On the daily timeframe, LDO is currently forming a potential double bottom pattern, signaling the exhaustion of its prolonged downtrend. This structure often acts as a strong reversal signal, especially when supported by a clear horizontal demand zone.
📉 Short-Term Price Action
There is still a possibility of a minor dip toward the support zone of $0.66–$0.60, where significant buying interest is likely to emerge.
🫡 Mid-to-Long Term Outlook
From this accumulation range, LDO holds potential for a strong upside move
1X to 3X returns possible over the next few quarters.
Major resistance zones lie around
$1.90–$2.80, which aligns with historical liquidity zones🤝.
📌 Investor Note
This setup is favorable for long-term portfolio positioning, especially for those looking to accumulate fundamentally promising altcoins on market consolidation.
Risk management remains key. Accumulate gradually near the support zone and avoid emotional entries on short-term pumps.
On the daily timeframe, LDO is currently forming a potential double bottom pattern, signaling the exhaustion of its prolonged downtrend. This structure often acts as a strong reversal signal, especially when supported by a clear horizontal demand zone.
📉 Short-Term Price Action
There is still a possibility of a minor dip toward the support zone of $0.66–$0.60, where significant buying interest is likely to emerge.
🫡 Mid-to-Long Term Outlook
From this accumulation range, LDO holds potential for a strong upside move
1X to 3X returns possible over the next few quarters.
Major resistance zones lie around
$1.90–$2.80, which aligns with historical liquidity zones🤝.
📌 Investor Note
This setup is favorable for long-term portfolio positioning, especially for those looking to accumulate fundamentally promising altcoins on market consolidation.
Risk management remains key. Accumulate gradually near the support zone and avoid emotional entries on short-term pumps.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.