šØ Trading Signal -2
š DIAUSDT Technical Breakdown & Market Sentiment Update š
$DIA is currently showing signs of short-term weakness after a strong pump recently. The price is trading around $1.03, down ~6.9% on the day, with a potential pullback zone in progress. Here's what we're observing:
š¹ Fibonacci Retracement Levels in Focus:
First support at $0.97 (key short-term hold).
Next major levels: $0.846 and $0.769 ā likely demand zones if correction continues.
Strong bounce possible from these levels if BTC remains stable.
š¹ RSI (Relative Strength Index):
Sits at 64.4, slightly below overbought territory. Indicates cool-off phase, but still in bullish range.
š¹ MACD:
Still above the signal line, but momentum is weakening. A bearish crossover could confirm a deeper pullback.
š¹ Trend Strength Index:
Currently low at 0.72, suggesting the rally is losing steam and a consolidation or correction is underway.
š¹ Break-even zone: Around $1.04 ā crucial for holding long positions. If this breaks down, look toward the $0.84ā$0.77 range for possible re-entries.
š Short-Term View: Bearish to Neutral
š Mid-Term Outlook: Bullish if it holds the $0.84ā$0.77 zone
š Next Resistance: $1.18 ā $1.20
š Entry Zones (Spot/Long): $0.84 / $0.77 (Wait for confirmation)
š§ Pro Tip: Watch BTC movement before re-entry. Let DIA cool down and find a proper support base.
#CryptoAnalysisUpdate #altcoins #BinanceSquare #TechnicalAnalysis #BullishOrBearish $DIA
