Lido Dao looks painfully Bearish
A recent chart analysis based on the 4-hour candlestick shows a bearish engulfing pattern.
This pattern is a strong sell signal, indicating that if the current support level fails to hold, further decline is expected.
Specifically, if the current price level breaks down, it is likely to drop to $1.50. With trading volume increasing and selling pressure mounting, investors need to closely monitor the market situation.
If the $1.50 support level does not hold, a continued downtrend may ensue. Therefore, considering a short position in the short term might be advisable.
As the overall market sentiment is turning bearish, a cautious investment strategy is necessary.
This pattern is a strong sell signal, indicating that if the current support level fails to hold, further decline is expected.
Specifically, if the current price level breaks down, it is likely to drop to $1.50. With trading volume increasing and selling pressure mounting, investors need to closely monitor the market situation.
If the $1.50 support level does not hold, a continued downtrend may ensue. Therefore, considering a short position in the short term might be advisable.
As the overall market sentiment is turning bearish, a cautious investment strategy is necessary.
تم فتح الصفقة
LES GOتم فتح الصفقة
ADD MORE SHORT
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.