Technical analysis by minno91 about Symbol LDO: Sell recommendation (6/19/2024)

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!Comment: Set your SL to BE now. There is a possibility of BTC moving higher today with ETH and alts can follow!