We saw them blow this balloon and pop the air right out of it. I am a fan of XRP and have been buying since XRP was trading in the .20's, levels. I let some go into the this latest runup to have more working capital. I am considering Dollar-Cost-Averaging at the .32 levels and below (if we can get lower) to match no more than 1/2 my current position. The .786 fib level held as support, for now, but even if we go lower, I will buy more. This Token has a real-world use case. It just fell with the broader market. I'll take profits when I can grab at least 20 percent and leave some on the table until I am playing with the house's money. Notice the volatility had begun to compress before we exploded south with the broader market. This is typical when the ATR compresses and we squeeze down to more stable price action and then, boom, we see a price run north, or the bottom fall's out and we fall south. Please note, I am a trend trader and when there is no defined trend, it becomes difficult to find the best entry points.
Outlook: No established trend on the 4-Hr; Bearish momentum with support at the .786 Fib level.
My strategy: Dollar-Cost-Average in at, or under the .32xx levels with the expectations this token will go back to the .40+ in a short period of time (at least a month).
Best,
Biff
Outlook: No established trend on the 4-Hr; Bearish momentum with support at the .786 Fib level.
My strategy: Dollar-Cost-Average in at, or under the .32xx levels with the expectations this token will go back to the .40+ in a short period of time (at least a month).
Best,
Biff
