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Earlier, Lido looked really bullish on the 30-minute charts, getting everyone hyped for a pump. 📈
But zoomed out - different story! We said you needed to wait for daily candlestick closures, and when you looked at prior price action because when the daily closed bearish, it wicked right back down. 📉
Well, turns out we were right.
The moral is - to chill on the lower timeframes. 😎 They'll trap you!
Doublecheck on the daily and weekly for the REAL market direction. Those higher closes validate true support and resistance. 📊
Now Lido's just ranging in this chop zone between key levels.
We wait to see which way she breaks! 👀 A strong daily close above, and we are green for more upside.
Otherwise, it will need to come back and retest lower support before we think about entries. 🤔
Long story short, don't chase every pump on the short timeframe noise. Wait for the market to show her hand on the higher closes. 😉
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