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.
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.
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.
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.
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