$DIA Breakout Surge – Is the Momentum Sustainable or Topping Out?
DIA is trading at $0.5192, up nearly 16% in the last 24 hours after a strong bullish breakout. The price hit an intraday high of $0.5399 before pulling back slightly. With volume still elevated, DIA sits in a zone where continuation or profit-taking could both play out.
Key Levels to Watch
• Resistance: $0.5390 – A breakout above this may open the door toward $0.5630 and $0.5830
• Support: $0.5100 – A failure to hold here could lead to a pullback toward $0.4880 and $0.4700
Trade Setup
Bullish Scenario
• Entry trigger: Break and close above $0.5390
• Target 1: $0.5630
• Target 2: $0.5830
Bearish Scenario
• Entry trigger: Drop below $0.5100
• Target 1: $0.4880
• Target 2: $0.4700
DIA has broken out with strength, but consolidation or a fakeout can’t be ruled out near resistance. Traders should monitor closely for confirmation on either side before making a move.