LDOUSDT → Hunting for liquidity ahead of a decline

LDOUSDT.P , having failed to reach the zone of interest 1.250 - 1.233, has entered a phase of local rally or manipulation before a possible decline aimed at consolidating potential before long-term growth.



Bitcoin looks weak and, after a correction, may continue to fall to the coveted target of 112 - 110K. After a strong pump, LDO has been falling for two weeks in a dump phase. In the long term, the market may test 1/2 of the bullish momentum and the strong support level of 1.179 before resuming the pump to 1.62 - 1.97.
Since the opening of the session, we have been observing manipulation, the goal of which is most likely the liquidity zone of 1.36 - 1.36. The situation may end with a liquidity grab, a false breakout, and a further decline with a subsequent update of the low.

Resistance levels: 1.36, 1.37, 1.44
Support levels: 1.296, 1.2614, 1.2336

Technically, the price is still consolidating and intrarange trading is likely to continue. A false breakout of resistance could trigger a decline, in which case 1.26 - 1.23 could be considered a target, while a false break of 1.17 - 1.23 could trigger a global rise.


Best regards, R. Linda!