LDO Fakeout Above Range High — Classic Trap Short
🔴 $LDO - SHORT
Trade Plan:
Current Price: ~$0.2514
Entry Zone: 0.255 - 0.268
SL: 0.282
TP1: 0.235
TP2: 0.218
TP3: 0.200
The 4H chart shows a classic liquidity trap with price briefly breaking above the range high before reversing sharply, printing a bearish engulfing pattern right at the level highlighted in the image. Our Entry Zone at 0.255-0.268 captures the retest of the failed breakout and the distribution area, ideal for short entries. The Stop Loss at 0.282 sits above the trap high, protecting against any final squeeze while keeping risk controlled. Downside targets at TP1 $0.235, TP2 $0.218, and TP3 $0.200 tap into the next major support cluster and liquidity pool, offering strong asymmetry as trapped longs exit. This SHORT carries high conviction because the failed breakout has flushed buy-side liquidity and confirmed seller control, turning the range high into a high-probability shorting zone rather than a bullish continuation signal.
Will LDO trap more bulls or accelerate the breakdown from here?
Click below for trade 👇
DYOR & manage risk!
🔴 $LDO - SHORT
Trade Plan:
Current Price: ~$0.2514
Entry Zone: 0.255 - 0.268
SL: 0.282
TP1: 0.235
TP2: 0.218
TP3: 0.200
The 4H chart shows a classic liquidity trap with price briefly breaking above the range high before reversing sharply, printing a bearish engulfing pattern right at the level highlighted in the image. Our Entry Zone at 0.255-0.268 captures the retest of the failed breakout and the distribution area, ideal for short entries. The Stop Loss at 0.282 sits above the trap high, protecting against any final squeeze while keeping risk controlled. Downside targets at TP1 $0.235, TP2 $0.218, and TP3 $0.200 tap into the next major support cluster and liquidity pool, offering strong asymmetry as trapped longs exit. This SHORT carries high conviction because the failed breakout has flushed buy-side liquidity and confirmed seller control, turning the range high into a high-probability shorting zone rather than a bullish continuation signal.
Will LDO trap more bulls or accelerate the breakdown from here?
Click below for trade 👇
DYOR & manage risk!