Technical analysis by EthanTW about Symbol LDO: Buy recommendation (11/9/2024)

4h time frame - Entry: $1.24 TP: $1.9875 SL: $1.0575 RR: 4.1 - (1) Symmetrical structure is creating, high possibility to reach previous high (2) Strong pump recently that bring LDO from $0.87 to $1.45 in two days (3) Getting support at fib 0.618, which is $1.24 (4) $2.5 will be easy to hit if momentum is enough based on the flipped structure (5) Stop loss once going below $1.0575