XRP/BTC - WEEKLY monitoring of XRP the 'standard'Everyone is talking about this finally dying off, but I don't see it. XRP will be around for some time. It's got too much of a narrative and community behind it, and all it takes is some changes in sentiment for it to be back to it's "best".
SIMPLE PLAN:
* Monitor these support levels
* Look for a *convincing* bounce at the local support or the next one down
* Buy a position with a tight stop loss if and when that happens, scale out as we approach each resistance
RISK MGMT:
* Would need to see better sentiment across altcoins in general
* Tight stop loss and assume it would falter at first attempt at resistance
= = = =
I am a simple man. Look at daily and weekly charts and trade based on 4 levels of support and resistance.
Enter infrequent trades and always assume it will be a loser. Protect my capital. Don't stress, ever.
I trade with camomile tea in hand.
