LDOUSDT is trading within a potential ascending broadening wedge, with a horizontal base acting as a major support zone.
The price recently tapped into this support, leading to an immediate bounce, making this area a strong accumulation zone. The target is set towards the upper trendline of the pattern.
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The price recently tapped into this support, leading to an immediate bounce, making this area a strong accumulation zone. The target is set towards the upper trendline of the pattern.
Share your thoughts on this trading idea.
Trade active
LDO is consolidating above the re-accumulation zone, maintaining a bullish structure while respecting the external demand zone. A breakout above $2.56 could accelerate price action toward $4.97, aligning with previous liquidity grabs. The dynamic liquidity zone near $5.50 remains a critical rejection area. Failure to hold the re-accumulation zone could trigger a retest of $1.59 or lower.Note
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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.