Like it or not, the markets appetite for anonymity and private transactions has been fuelling this booming sector within the #CryptoEconomy and, as a whole, has also proven to be one of the most solid long-term investment in the space.
While there is a lot of competition in the world of "Privacy Coins", Monero has been able to position itself as a leader within this sector - many would argue "The Leader", which is why I consider XMR one of the very few "Blue Chip Tokens" currently in existence.
With that in mind (IMHO), overall growth for Crypto will by default result in money flowing towards Monero.
For more information about Monero go to:
Personally, I almost always have some Monero (I will sell it all when I believe we're "Peaking"), and I'll load-up when I see a solid entry point or when we're at what I believe is the bottom of its price range.
Depending on your trading strategy and "Time Horizons" with your positions, if you're look for more of a 'Swing Trade' I would wait to see if it hits the 'Pink Support Line' or essentially anywhere around 0.02 $BTC and below.