Is Lido's bullish reversal likely?
Lido’s pullback is headed to previous support and H12 bullish OB at $1.50 and could provide buying opportunities. A bullish reversal and successful hit on $1.6 could present a 6.5% profit.
Entry: $1.50
Take-profit: $1.60
Exit: $1.47
RR: 3
Entry: $1.50
Take-profit: $1.60
Exit: $1.47
RR: 3
Our stop-loss was hit. But price action quickly retested our take-profit target and zoomed past it.