$DIA just took a serious hit on the 4H chart.
The bullish structure we were watching has weakened significantly.
Price is now around $0.1343, down 9.32%, and has fallen below all major moving averages.
Here’s what I’m watching:
Bearish pressure: Price is below the 9 EMA ($0.1441), 21 MA ($0.1449), 50 MA ($0.1426) and 200 MA ($0.1577).
RSI: At 33.5, momentum is weak and approaching oversold territory.
Key support: $0.131–$0.132. If this fails, the previous swing low around $0.1246 becomes important.
Recovery scenario: DIA needs to reclaim $0.139–$0.143 first, then $0.145, before a stronger recovery can develop.
For now, sellers have control. I want to see buyers defend support and reclaim lost levels before getting bullish again.
Is this a liquidity sweep before recovery, or are we heading for another leg down?
Watching the 4H close.
The bullish structure we were watching has weakened significantly.
Price is now around $0.1343, down 9.32%, and has fallen below all major moving averages.
Here’s what I’m watching:
Bearish pressure: Price is below the 9 EMA ($0.1441), 21 MA ($0.1449), 50 MA ($0.1426) and 200 MA ($0.1577).
RSI: At 33.5, momentum is weak and approaching oversold territory.
Key support: $0.131–$0.132. If this fails, the previous swing low around $0.1246 becomes important.
Recovery scenario: DIA needs to reclaim $0.139–$0.143 first, then $0.145, before a stronger recovery can develop.
For now, sellers have control. I want to see buyers defend support and reclaim lost levels before getting bullish again.
Is this a liquidity sweep before recovery, or are we heading for another leg down?
Watching the 4H close.
