10X Altcoin Trade: DIAUSD LONG

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.

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This is not financial advise, please do your own due diligence.

Comment:

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.

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Comment:

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.