The post Lido DAO prediction results in 19.99% gains within 72 hours appeared on BitcoinEthereumNews.com.

The recent Lido DAO (LDO) price analysis has proven highly accurate. On Friday, June 21, the recommendation was to short LDO at the resistance level of $2.30, with an expected drop to the $2.00 support level. As predicted, the price reached a low of $1.991, validating the strategy and the identified golden pocket between $1.997 and $2.016. TradingView Fibonacci Retracement Initiating short positions on June 21 at around $2.245, or even at the close of the day at $2.263, would have resulted in an impressive 11.62% profit. TradingView Short Position Return Additionally, the recommendation to reenter at $2.00 also proved correct. At the time of writing, Lido has reached a high of $2.199 for the day. Reentering at $2.00 and exiting at approximately $2.15 would have yielded another 7.5% profit. TradingView Long Position Return Considering both the short position and the subsequent long position, a $100 investment would have realized a total profit of $19.99 or 19.99% within about 72 hours. The effectiveness of the Chart of the Week analysis will continue to manifest in the long term, but the prediction success rate currently stands at 100%. Stay tuned for future analyses each Friday. Source: https://crypto.news/lido-dao-prediction-results-in-19-99-gains-within-72-hours/

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Filed under: News - @ June 24, 2024 8:22 pm