LDO – Waiting at the $1 Confluence

LDO is overall bullish and currently in a correction phase inside a falling red channel. I’m waiting for price to reach the confluence of the support zone + round number $1.00 + lower red trendline. That intersection is where I’ll look for longs if we get a clear bullish reaction.

If we bounce: first targets $1.15–$1.20, then $1.30–$1.40 (channel top). A clean break/retest above $1.10 would add confirmation.
Invalidation: a daily close below $0.90 would put the setup on hold.

Does the $1 confluence hold and kick off the next leg up? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr