DIA's recent price action suggests a potential reversal after hitting a low of $1.10. The token has since bounced back, reaching a high of $1.33, indicating a 21% increase.
RSI at 55.62, neutral to bullish
MACD displaying a bullish crossover
Moving Averages: DIA trades above 50-day and 200-day MAs
Key levels to watch:
Support: $1.10 (recent low)
Resistance: $1.33 (recent high)
Next resistance: $1.45 (potential target)
DIA's bounce from $1.10 indicates strength, and the recent high of $1.33 may be a sign of further upside. Breaking above $1.33 could lead to $1.45.
However, beware of the long wick formed in the last 1-day candle, indicating potential selling pressure. This could lead to a breakdown below $1.10.
Caution: A drop below $1.10 may trigger:
Stop-loss activation
Potential slide to $0.95 or lower
Long positions above $1.20
Stop-loss below $1.10
Target: $1.45
Tightening stop-loss to $1.05
Reducing position size
Preparing for potential reversal
Monitor for consolidation above $1.20
Watch for potential breakouts above $1.33
Adjust stop-loss and targets accordingly
Be prepared for potential reversal below $1.10.
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