#LDOUSDT Analysis — Pullback Before Bullish Continuation

#LDO

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We have a bearish trend on the RSI indicator that is about to be broken and retested, which supports the upward breakout.

There is a major support area in green at 1.17, representing a strong support point.

We are heading for consolidation above the 100 moving average.

Entry price: 1.23
First target: 1.25
Second target: 1.30
Third target: 1.34

Don't forget a simple matter: capital management.