š $DIA/USDT ā Bearish Reversal Setup After Sharp Pump
$DIA surged rapidly toward the $1.50 region but failed to sustain momentum above this key resistance, forming a sharp rejection wick on higher timeframes. The price currently shows early signs of distribution, and if $BTC continues to weaken, $DIA could see a deeper pullback.
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š» SHORT Entry Zone:
$1.00 ā $1.50
šÆ Take Profit Targets (TP):
1. $0.95
2. $0.88
3. $0.82
4. $0.75
5. $0.68
ā Stop-Loss (SL):
$1.62
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š Technical Indicators:
RSI is cooling off from overbought territory
Bearish divergence forming on 4H chart
Volume spike followed by decline ā suggests exhaustion
Potential head-and-shoulders pattern building
āļø Note: Watch $BTC closely ā a breakdown below $116K could accelerate the correction on $DIA as well.
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