LDO / TetherUS
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#LDOUSDT — Critical Retest at Demand Zone vs Long-Term Downt

97
#LDO

The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected.

The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.

A key support zone (in green) has been identified at 0.3500. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.3880
Target 1: 0.3996
Target 2: 0.4155
Target 3: 0.4315

You can close at the second target or wait for the third target to be reached. The choice is yours.
Stop Loss: At the resistance zone (in green).

Remember this simple rule: Money management.

Any questions? Please leave a comment.

Thank you.

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