Market Context
The crypto market has been quite unpredictable lately, making it challenging to forecast short-term movements. However, I’m sensing a possible downside move for LDOUSDT.
Chart Analysis
LDO is currently hovering within an 8H supply and demand zone, which historically suggests a potential drop before any significant upward movement.
Strategy
Despite the uncertainty, the signs point towards a move lower before a pump. We’re already in the trade with an entry price of 2.3405, betting on this short-term decline.
Key Indicators
• Supply & Demand Zone: LDO is in a critical area, often leading to a price drop.
• Market Sentiment: General market unpredictability leans towards a cautious approach.
Action Plan
Let’s see if this analysis plays out. We’re set up and ready to ride the wave down if it materializes. Stay tuned for updates!