$LDO - LIDO DAO showing signs of weakness

LDO I think will soon provide an opportunity for long-term investors and/or macro swing traders.

- Trend is showing signs of weakness from a technical standpoint
- Entering logical sell off area
- Filling in massive wick liquidity
- HTF support un-tested

This could have a blow-off top candle, but I'd expect retracement in the coming weeks. Not interested in buying up here, focused on swing shorts or patience to go long.

What do you think > comment!

Kommentera:

PUSHED INTO RED AND WICKED OUT QUICKLY, EXPECTING MORE DOWNSIDE