A stack of magnets inside the float could bridge the distance between reeds. In fact, once a reed switch is activated the magnetic field can deteriorate quite a bit before the switch lets go. With the diodes in-between, as long as one or more switches are closed the level will indicate the water level at and below the level. Without the diodes you'll need enough magnetism to close one switch while another is still held closed by the close proximity of the magnet(s).
From top down - the second and third reeds can be active if the magnet is large enough. OR just two magnets with a space in between so as to always have one switch closed.
From top down - the second and third reeds can be active if the magnet is large enough. OR just two magnets with a space in between so as to always have one switch closed.

