Trade LDO in Futures Market at CoinDCX
Issued on: 10th Nov’23
Valid up to 17th Nov’23
Price Update
LDO price at the time of writing (10th Nov’23, 10:45) is $2.372, with a 24-hour trading volume increased by 307.02% to $349 million. LDO price is up by 19.44% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- The general market is in a positive state, and LDO is exhibiting bullishness. This bullish trend is confirmed by the alignment of EMAs (Exponential Moving Averages), the breakout of low time frame (LTF) bullish patterns, and strong volume. These factors collectively indicate a favorable environment for LDO’s ongoing upward movement.
- A Long Trading strategy can be assessed between $2.335- $2.385 with an invalidation below $2.209
- On the upside, one can see a rise of 25-30% toward $2.519 , $2.647 & $3.031
- Risk to Reward Ratio: 1:5.4 (Considering Target 3)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: LDO is now available in the futures market in both CoinDCX and CoinDCX Pro apps with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 9-Oct | DOGE | Short | Not Considered | ||
| 9-Oct | OP | Short | 6.65% | 53.20% | -1.04% |
| 11-Oct | MKR | Long | -2.70% | -21.61% | -1.14% |
| 12-Oct | XVG | Short | -4.54% | -36.31% | 0.11% |
| 16-Oct | BCH | Long | 12.54% | 100.32% | 8.15% |
| 17-Oct | JASMY | Short | Not Considered | ||
| 18-Oct | BLZ | Long | 32.54% | 260.32% | 5.76% |
| 19-Oct | LINA | Short | -5.47% | -43.76% | 6.10% |
| 20-Oct | FET | Long | 22.36% | 178.88% | 12.82% |
| 25-Oct | LDO | Long | 7.74% | 61.92% | 1.25% |
| 26-Oct | TOMO | Long | -5.79% | -46.32% | -0.67% |
| 26-Oct | DOGE | Long | -5.89% | -47.12% | -3.12% |
| 30-Oct | GRT | Long | -6.05% | -48.37% | -1.55% |
| 6-Nov | ETH | Long | 13.16% | 105.24% | 2.71% |
| 7-Nov | MKR | Short | -4.70% | -37.60% | 6.48% |
| 9-Nov | BCH | Long | -5.24% | -41.94% | -3.78% |
| AVERAGE RETURN | 3.90% | 31.20% | 2.29% | ||
| SUCCESS RATE | 43% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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