10X Altcoin Trade: DIAUSD LONG
Updated
DIA is the token that I believe has the highest chance of giving 10x return in the short-to-medium term.
Fundamental Factors
1. DIA is an oracle provider, similar to Chainlink. Defi tokens, including oracle tokens, have taken turns having huge pumps, giving 10x, 20x, 50x even 100x+ returns. DIA is one of the few tokens in this space that haven’t yet had a massive pump.
2. Market cap of DIA is relatively small ($30-40M), giving it a lot of room to run. Even a 10x return from current levels will only put it at $300-400M market cap
3. Strong fundamentals and team driving product development and community growth
Technical factors
1. Confluence of levels: support&resistance flip, 200MAs, 61.8Fib.
2. Bullish candles bouncing off of confluence of levels.
Admittedly, the short term technical indicators are only meant to indicate that this is likely a good area to accumulate. But as this is a 10x potential opportunity, the exact price level at which you buy doesn’t need to be very specific.
If you like this idea, please like, comment, follow.
This is not financial advise, please do your own due diligence.
Fundamental Factors
1. DIA is an oracle provider, similar to Chainlink. Defi tokens, including oracle tokens, have taken turns having huge pumps, giving 10x, 20x, 50x even 100x+ returns. DIA is one of the few tokens in this space that haven’t yet had a massive pump.
2. Market cap of DIA is relatively small ($30-40M), giving it a lot of room to run. Even a 10x return from current levels will only put it at $300-400M market cap
3. Strong fundamentals and team driving product development and community growth
Technical factors
1. Confluence of levels: support&resistance flip, 200MAs, 61.8Fib.
2. Bullish candles bouncing off of confluence of levels.
Admittedly, the short term technical indicators are only meant to indicate that this is likely a good area to accumulate. But as this is a 10x potential opportunity, the exact price level at which you buy doesn’t need to be very specific.
If you like this idea, please like, comment, follow.
This is not financial advise, please do your own due diligence.
Note
DIA went up 40% after the initial trade entry call as the expectation of binance listing came true. Hopefully you took some profits from the 40% upmove. unfortunately, since then, DIA has taken a huge beating as the overall market went into a major correction. I'm adding to my position here to dollar cost average down the average cost of my position, as i still believe in the longer term prospects of this project and expect a huge pump once overall markets stabilize/recover. This is admittedly a risky move as im adding to a losing position and increasing my overall exposure, so please understand that.Please follow, like, and comment to get daily trade setups and live trade updates.
Note
DIAUSDT coming up on critical level of $2.50. If we get a strong 4H or Daily close above $2.5, then there's a high probability that the trading below $2.50 was a bear trap and will start to pump. If on the other hand, we get rejected from $2.50 and is unable to reclaim that level, then this level will likely become resistance and we might see more downside before going back up. Will be watching price action closely.
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