📉 Pair $DIA /USDT - Bearish Reversal After Sharp Rise
The pair $DIA quickly rose towards the $1.50 level, but failed to maintain its momentum above this key resistance level, forming a sharp rejection wick on higher time frames. The price currently shows early signs of distribution, and if BTC continues to weaken, DIA may experience a deeper pullback.
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🔻 Short Entry Area:
$1.00 - $1.50
🎯 Take Profit Targets (TP):
1. $0.95
2. $0.88
3. $0.82
4. $0.75
5. $0.68
❌ Stop Loss (SL):
$1.62
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📊 Technical Indicators:
Relative Strength Index (RSI) cooling off from overbought territory
Bearish divergence forming on the four-hour chart
Sharp increase in trading volume followed by a decline - indicates exhaustion
Potential head and shoulders pattern formation
⛓️ Note: Keep a close watch on the price of Bitcoin (BTC) - a drop below $116,000 may accelerate the correction on the Diana price as well.
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