DIA Market Alert: Bearish Trend Intensifies, 1.06 High Becomes Absolute Ceiling!
From the 1-hour chart perspective, the price of DIA has continued to decline after the high of 1.06 USD, with the current trend significantly bearish. After failing to rebound near the 1 USD mark, the price has once again moved downward, forming a clear bearish pattern. Short-term moving averages (MA) consistently remain below the price, further solidifying this bearish trend.
In this situation, market sentiment is clearly leaning towards shorting, and investors need to be cautious of potentially larger pullbacks. For traders looking to seize short-term opportunities, understanding the current trend and technical signals is crucial.
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