After a period of tight consolidation, $DIA
has broken out decisively with a bullish engulfing candle — a classic signal of trend reversal and renewed market strength. This breakout above the local resistance zone signals a shift in sentiment and opens the door for accelerated upside, especially if we see strong follow-through volume in the coming sessions.
🔍 Support and Resistance Levels
Resistance: 0.8200
Support: 0.7650
📈 Trade Setup
Entry Zone: 0.8050 – 0.8150
Stop Loss: 0.7720
Targets:
🎯 TP1: 0.8320
🎯 TP2: 0.8480
🎯 TP3: 0.8660
⚡ Pro Tip
Watch for a decisive daily close above 0.8200 — this could attract momentum traders and potentially spark a rally toward key Fibonacci extension levels. The breakout structure is clean, and if bulls hold control, this could be the beginning of a significant leg up.
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As market volatility continues around narratives like #TrumpTariffs and the #WhiteHouseDigitalAssetReport, keep an eye on macro headlines and the upcoming #FOMCMeeting for potential catalysts. Any signs of dollar weakness or crypto-favorable policy shifts could further fuel $DIA's momentum.
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