DIA /USDT:
The $DIA/USDT pair is currently trading at $0.7078, reflecting a significant drop of 9.52!^ in the past 24 hours. The highest price in the past 24 hours was $0.7841, and the lowest price was $0.7056. With a trading volume of 1.72 million DIA and 1.28 million USDT, the market is very active but showing bearish sentiment. The 1-hour candlestick chart reveals a recent downtrend with several red candles indicating a decline in price.
Current market conditions:
The market is under heavy selling pressure, with DIA/USDT price falling below key support levels. The continuous formation of higher lows and higher lows indicates a strong bearish trend. The price is currently near the support zone at $0.7056, showing weak investor confidence.
Trade scenarios:
1. Bullish scenario:
Entry: If the price bounces above $0.7200
Take Profit (TP): $0.7500 (next resistance level)
Stop Loss (SL): $0.7000 (below support level)
2. Bearish scenario:
Entry: Below $0.7050 (if price drops below this level)
Take Profit (TP): $0.6800 (next support level)
Stop Loss (SL): $0.7300 (above resistance)
Market forecast:
The DIA/USDT pair is currently showing strong bearish signals. Traders should remain vigilant and watch for potential reversals or consolidations around key levels. Monitoring trading volume and market sentiment will be crucial to make informed decisions.