Lido DAO (LDOUSD): Why We're Cashing Out 25% NOW!

Lido DAO (LDOUSD): LDOUSD

For Lido DAO, we're taking 25% out now, locking in profits 💰 , as we believe we've encountered the peak of Wave (i) and are currently entering Wave (ii). We aim to catch the bottom as we did with the overarching Wave ((ii)) previously. Therefore, we're setting a new entry at the 50% level at $2.8146 with a stop loss just below the 78.6% level and also slightly below our initial entry, as we don't expect the price to drop further. We'll be moving our first entry up, but not to break even. Instead, we'll position it below the 127.2% level, where the entire price action reversed, because a double bottom could occur for the subordinate Wave (ii), and it would be unfortunate to be stopped out in such a scenario. A further sell-off seems unlikely to us, so we're placing a new long entry zone limit order.

Trade active:

🟢 High Risk Trade Update🟢

Lido DAO #LDOUSD

We got filled on Lido DAO today, we are observing it closely and we are going to update you once something is happening

Comment:

Currently, LDO has reached and respected the last line of defense at the 78.6% retracement level, leading us to anticipate a potential reversal at this point. However, there's also a possibility that it could drop further to the 100% level at $2.24, which corresponds to the level of Wave (c) or Wave ((ii)), where we've placed our first entry. If it does fall to this level, it would indicate a more significant sell-off, necessitating a reevaluation of our position. Ideally, the drop should not exceed $1.98; if it does, we could potentially see a fall to $1.43, though this scenario is not currently expected. The question now is whether the movement has concluded here or if it will descend further to the 100% level, corresponding to the overarching Wave ((ii)). We'll observe LDO's development over the coming days to determine our next steps.

Trade closed: stop reached:

🔴 Trade Update High-Risk 🔴

We got stopped out on our second high risk entry on Lido DAO today. LDO couldn't hold the retracement, for now we concentrate on our long-term entry and when we are seeing the strenght again we will be looking for new entrys in the short term