{"id":176996,"date":"2023-10-19T08:21:53","date_gmt":"2023-10-19T02:51:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176996"},"modified":"2023-10-19T08:21:53","modified_gmt":"2023-10-19T02:51:53","slug":"lido-assessing-whether-a-buying-opportunity-is-feasible-at-1-50-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lido-assessing-whether-a-buying-opportunity-is-feasible-at-1-50-crypto-news\/","title":{"rendered":"Lido: Assessing whether a buying opportunity is feasible at $1.50 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i><span style=\"font-weight: 400\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion<\/span><\/i><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">\u00a0<\/span><em><span style=\"font-weight: 400\">LDO was headed to a previous support and bullish order block (OB) at $1.50.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400\"><em><span style=\"font-weight: 400\">Several buy-limit orders were placed below $1.50 at press time on Binance Exchange.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/Lido\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">Lido\u2019s [LDO]<\/span><\/a><span style=\"font-weight: 400\"> retracement could provide buying opportunities if sellers exit at the immediate bearish target and support at $1.50. Sellers tucked +9% shorting gains based on LDO\u2019s press time value of $1.52 after depreciating the altcoin from the recent high of $1.68.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">Is your portfolio green? Check out the <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/lido-dao-profit-calculator\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">LDO Profit Calculator<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">However, the bullish zone at $1.50 could attract buyers, forcing sellers to step aside. A previous AMBCrypto price <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/lido-bounces-back-will-ldo-bulls-push-for-further-gains\/\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">analysis<\/span><\/a><span style=\"font-weight: 400\"> correctly projected extra gains for Lido after a bullish defense of $1.50. Will the trend repeat?\u00a0\u00a0<\/span><\/p>\n<h4>Will buying Lido yield gains at this support?<\/h4>\n<div id=\"attachment_351803\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/LDOUSDT_2023-10-18_12-35-09.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-351803\" class=\"size-full wp-image-351803\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/LDOUSDT_2023-10-18_12-35-09.png\" alt=\"Lido\" width=\"1950\" height=\"1109\" \/><\/a><\/p>\n<p id=\"caption-attachment-351803\" class=\"wp-caption-text\">Source: LDO\/USDT on TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">Although Lido recorded two deviations below $1.50 in October, the level has been a key support since September. At press time, LDO was headed to the above support level. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Besides, the level was aligned with a H12 bullish OB of $1.48 \u2013 $1.52 (cyan). So, the area could be a solid demand zone, and a bullish reversal was likely at the level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If so, a hit on the bullish target of $1.6 could present +6% gains to players who scooped the altcoin at the $1.50 area. The $1.6 bullish target was a H12 bearish OB (white) and was a key overhead hurdle.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The downsloping RSI and OBV indicated that selling pressure intensified as demand dropped amidst price retracement. So, the pullback could hit the $1.50 level.\u00a0<\/span><\/p>\n<h4>Considerable buy limit orders placed below $1.50<\/h4>\n<div id=\"attachment_351804\" style=\"width: 1230px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-351804\" class=\"size-full wp-image-351804\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"Lido\" width=\"1220\" height=\"542\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart.png 1220w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart-300x133.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart-1024x455.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart-768x341.png 768w\" data-lazy-sizes=\"(max-width: 1220px) 100vw, 1220px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-351804\" class=\"size-full wp-image-351804\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/10\/Lido-Mobchart.png\" alt=\"Lido\" width=\"1220\" height=\"542\" \/><\/a><\/p>\n<p id=\"caption-attachment-351804\" class=\"wp-caption-text\">Source: MobChart<\/p>\n<\/div>\n<p><span style=\"font-weight: 400\">According to Mobchart, a real-time order book analysis platform, considerable buy limit orders were placed at $1.50 and below, marking the area as a demand zone. But there were more bullish bets at $1.40.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">How much are <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-ldo-to-usd\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">1,10,100 LDOs worth today<\/span><\/a><span style=\"font-weight: 400\">?<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400\">On the sell side, $1.69 had significant sell limit orders placed on the Binance Exchange platform at press time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">It meant some players expected a rebound to the level, making the $1.6 bullish target conservative. However, traders should track <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\"><span style=\"font-weight: 400\">BTC<\/span><\/a><span style=\"font-weight: 400\"> price action for optimized set-ups and risk mitigation.\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion \u00a0LDO was headed to a previous support and bullish order block (OB) at $1.50.\u00a0 Several buy-limit orders were placed below $1.50 at press time on Binance Exchange.\u00a0 Lido\u2019s [LDO] retracement could provide buying opportunities [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":176997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-176996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176996"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176996\/revisions"}],"predecessor-version":[{"id":176999,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176996\/revisions\/176999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176997"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}