📉 Pair $DIA /USDT - 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's weakness continues, DIA may see a deeper pullback.
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🔻 Short entry zone:
$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) cools from overbought territory
Bearish divergence is forming on the 4-hour chart
Sharp increase in trading volume followed by a decrease - indicates exhaustion
Potential head and shoulders pattern forming
⛓️ Note: Keep a close eye on Bitcoin (BTC) price - a drop below $116,000 may accelerate the correction on Diana's price as well.
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