🔍 LDO - ZONES TO WATCH

Two trading opportunities with LDO:

Short:

LDO is hitting resistance on the 4hr chart, which could give us a short opportunity from the resistance zone to the next support area, which is around 7-10% away (around 8% to the daily diagonal support line). Stop would be above the 21 and 55 EMA on the 4hr chart. A potential drop to the major daily support is also in the cards.

Long:

If we get a close above the current resistance zone AND above the EMAs, we could see a bounce to the next major resistance area, which would give us a 12-17% gain on a long. Stop would be below the EMAs, ideally below the resistance zone in the middle.

Keep in mind though that LDO is ETH's biggest merge staker, so expect some volatile moves so close to the merge.

It's definitely a coin I'm having on my watchlist for the event.