$DIA is currently facing strong resistance in the $0.5300 - $0.5500 range, with clear rejection signals indicating a potential downtrend. Sellers are stepping in, increasing bearish momentum. If the price breaks below $0.5150, we could see further downside pressure toward lower targets.
🔻 Short Trade Setup
Entry Zone: $0.5150 - $0.5300
Stop Loss: $0.5500
Targets:
TP1: $0.5000
TP2: $0.4850
TP3: $0.4700
📉 Market Context & Analysis
Resistance Rejection: $DIA has been struggling to break above the $0.5300 - $0.5500 resistance zone, with multiple failed attempts.
Bearish Momentum Building: Sellers are showing strength, increasing downward pressure. A confirmed break below $0.5150 could trigger an extended sell-off.
Volume Confirmation: Watch for increased selling volume near the entry zone to confirm the bearish trend.
💡 Pro Tip
Wait for a confirmed break below $0.5150 before entering. A retest and rejection of this level will strengthen the setup. Entering too early may lead to false breakouts.
⚠️ Risk Management
Use proper position sizing to manage risk.
Stick to your stop-loss discipline to avoid unnecessary losses.
Monitor key support and resistance levels to adjust targets if needed.
📌 Final Thoughts
With bearish momentum increasing, this setup presents a strategic shorting opportunity. If the market follows this pattern, traders could capitalize on a potential downward move. Keep an eye on price action, volume, and market sentiment to confirm the trend before making any moves.
🚀 Stay alert and trade wisely
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