The latest Lido DAO (LDO) price analysis has proven to be very accurate. On Friday, June 21, the recommendation was to sell LDO at the $2.30 resistance level, with an expected drop to the $2.00 support level. As expected, the price reached a low of $1,991, confirming the validity of the strategy and the golden pocket identified between $1,997 and $2,016.
Initiating short positions on June 21 at around $2,245, or even closing the day at $2,263, would have resulted in a staggering 11.62% profit.
In addition, the $2.00 re-entry recommendation also proved correct. At the time of writing, Lido has reached a high of $2,199 for the day. Re-entering at $2.00 and exiting at approximately $2.15 would have generated another 7.5% profit.
Considering both the short position and the subsequent long position, a $100 investment would have generated a total profit of $19.99 or 19.99% in approximately 72 hours.
The effectiveness of weekly chart analysis will continue to be demonstrated in the long term, but the prediction success rate is currently at 100%. Stay tuned for upcoming analyzes every Friday.
