$DIA The short liquidation at $5,007.9K at a price of $0.75957 indicates that a large number of traders have been forced to close their short positions as the price rises. This usually suggests that the price may continue to rise due to a short squeeze, where those shorting the asset are forced to buy back, further driving up the price.

Next Steps & Analysis.

Here's a simple breakdown for you.

Buy Zone.

Buy Zone. Around $0.7400 to $0.7500

The price could experience some consolidation or minor pullback before continuing its rise. Entering around this level might offer a good risk to reward ratio.

Target.

Target 1: $0.7850

This level could serve as the first major resistance point. A break above this price could confirm further bullish momentum.

Target 2: $0.8000

If the momentum continues strong, the price could reach this level as it might face some resistance at around $0.8000.

Stop Loss.

Stop Loss: $0.7300

Placing the stop loss below the previous support level ensures that you're protected in case the price moves against you.

Key Points to Watch.

1. Volume.

Pay attention to volume. If the price is rising with increasing volume, it confirms the bullish trend.

2. Market Sentiment.

Positive news or developments in the market might push the price higher.

3. Short Squeeze Potential.

As more shorts are forced to cover, this could lead to rapid price increases.

Always use proper risk management, and do your own research before making any trades.

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