My plan for the upcoming alt cycle, Ripple ( XRP ). Well known for its moonboy community, high chances this project will be among the high gainers if/when the next altcoin cycle starts, just because the newcomers like to buy it. Full force 'the greater fool' theory at play here.
Currently, we're only able to reliably follow horizontal trend lines as support, and after almost an 84% drawdown a relatively cheap project to pick up, although the majority of projects had a greater loss to endure.
Aiming for a gradual entry from 3500 till 1200 satoshi's, as indicated on the chart, as this is the lowest point in history which XRP has seen neglecting the panic wick to 20 satoshi's Profit target 1: 3575 (159%) Profit target 2: 8246 (367%) Profit target 3: 22833 (916%)
Stop loss: Riding this one out without a stop loss, this will be a longterm plan. For those who feel like having a stop loss on your investments, I can recommend anything under 1000 satoshi's. Don't get faked out!
Best of luck, may the target entry and profit targets get hit, in that order.