$DIA We have observed a significant $1.6314K long liquidation at $0.69273, indicating some strong market movement. The price action is showing a clear shift, and it's crucial to analyze the potential next steps.
Current Market Analysis.
Price Liquidation. $1.6314K at $0.69273
Trend. A large portion of the long positions has been liquidated at this level, suggesting potential volatility or a reversal in trend.
What’s Next.
Short-Term Potential. After such a liquidation, the market could experience a pullback or consolidation. Watch for key support and resistance zones to understand the next move.
Buy Zone.
Ideal Buy Zone. $0.67200 - $0.68000
If the price enters this range, it may offer a good opportunity to buy as it could be a support area.
Target.
First Target. $0.74000
Watch for a rally towards $0.74000. This is a good first target, as it represents a significant resistance level.
Second Target. $0.79000
If the momentum continues, the price could push towards $0.79000 as a further resistance point.
Stop Loss.
Stop Loss Level. $0.66000
Keep your stop loss at $0.66000 to protect your position in case of any sudden downward movement.
Summary.
After the liquidation at $0.69273, watch for price action around the buy zone of $0.67200-$0.68000. The first target is $0.74000, and the second target is $0.79000. Keep a stop loss at $0.66000 to limit potential losses.
Remember, always trade with caution and adjust your positions based on the market’s movement.
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