The overall situation of LDO is as follows:
The general trend shows a large ascending channel with a gentle slope, but currently, it is in a corrective phase forming a descending channel towards the trendline support.
I prefer to disregard all these ups and downs and wait for the price to reach the trendline support indicated by the green color on the chart. Certainly, at that point, I would take a long position, but ultimately, everything depends on the overall market trend.
I had predicted this downward trend in the previous post, but apparently, some people didn't believe it.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
The general trend shows a large ascending channel with a gentle slope, but currently, it is in a corrective phase forming a descending channel towards the trendline support.
I prefer to disregard all these ups and downs and wait for the price to reach the trendline support indicated by the green color on the chart. Certainly, at that point, I would take a long position, but ultimately, everything depends on the overall market trend.
I had predicted this downward trend in the previous post, but apparently, some people didn't believe it.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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