Monero is rising in stature among cryptocurrencies. I hold a small position ultra long. This is a scenario where you could take a long with a 4:1 risk / reward.
Comment:
Within minutes of posting this idea Bitcoin started pumping. Even if the Bitcoin pump causes a quick stop XMR is still a buy in 2017 (in small amounts as part of your highest risk allocation).
Order cancelled:
Never opened a position. It went to sell back through buy to rocket ship.