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.