$LDO — Impulse → Correction → Next Impulse? 🔎📈

[theSignalyst]

After a strong impulse in August, LDO has been drifting inside a descending corrective channel. Price bounced and is rotating back up while holding above the daily demand at $0.95–$1.00 — the base of the last leg.

Trend context: Bullish structure intact while price respects the demand base; correction likely a pause within the uptrend.

Key levels

Support (demand): $0.95–$1.00

Trigger / Resistance: $1.25–$1.30 (channel top / supply)

Extension targets (if broken): $1.45 → $1.70+

Confluence

Breakout base (demand) + descending channel = classic bullish continuation setup if we get a clean break of the channel top.

Scenarios

Bullish : Hold $0.95–$1.00 and break & close above $1.25–$1.30 → momentum toward $1.45, then $1.70+.

Bearish : Daily close below $0.95 → deeper pullback before bulls try again.

What’s your approach—bid the demand with tight risk, or wait for the break–retest above $1.30 for confirmation?

️ 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.