DIA Long Setup

Setup Overview
• Pair: DIA/USDT Perpetual Swap
• Timeframe: 2H
• Current Price: ~0.754
• Chart Type: Candlestick with moving averages

Key Observations
1. Support Levels
• 0.714 → Strong support zone (recent bounce point).
• 0.671 – 0.660 → Major support cluster.
• 0.647 → Recent swing low (strong bottom support).
2. Resistance Levels
• 0.795 → First resistance.
• 0.837 → Next resistance above.
• 0.870 – 0.871 → Target resistance zone (aligned with green TP zone).
3. Current Price Action
• Price has bounced from the 0.714 support and is trading above EMAs, showing short-term bullish momentum.
• The move suggests a potential push toward higher resistances if momentum continues.
4. Trade Setup
• Entry: Around 0.754 (current price).
• Stop-Loss (SL): Below 0.714 support (around 0.71).
• Take-Profit (TP): 0.795 → 0.837 → 0.870.
5. Risk–Reward
• The risk is defined below 0.714, while the upside potential stretches toward 0.87.
• This gives a favorable risk-to-reward setup if bullish continuation holds.

✅ Bias: Short-term bullish as long as price stays above 0.714.