Interesting price action developing on this ETH beta.
• We saw a clean deviation below the daily range, followed by a strong reclaim. The current pullback is now retesting that reclaimed level, and so far it’s holding well.
This is the kind of PA that often precedes a larger move.
Over the next few days, I’ll be watching for a break and flip of the trend.
If that confirms, it opens the door for a swing long, using the reclaim as structural support.
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$LDO
Interesting price action developing on this ETH beta.
• We saw a clean deviation below the daily range, followed by a strong reclaim. The current pullback is now retesting that reclaimed level, and so far it’s holding well.
This is the kind of PA that often precedes a larger move.
Over the next few days, I’ll be watching for a break and flip of the trend.
If that confirms, it opens the door for a swing long, using the reclaim as structural support.
Let's observe.
#LDO #LDOUSDT