Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LDO IS RETESTING OUR SUPPORT, WHAT'S NEXT!
As we can see price broke above our resistance zone previously and now, we are retesting it again.
From a short term perspective price is overall bearish trading inside this channel
As the price will be approaching our support zone, we will be looking for new longs as well.
For the bulls to kick in for now we need a new swing high to be formed around the trendline then a break
Until that price can still dive more lower before a new reversal to be formed
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!