XRPEUR At support Wait for Bounce

XRP at Support now and wait for Bounce or Break at 0.25 euro!

If price breaks than we will see 0.197 euro

please leave comment for more info

Comment:

Well you can see that xrp broke the support level at 0.25 euro and went down for a short period and right now we are above the support level. it looks like a good buy BUT.

We need to watch carefully because this could be a trap. If bitcoin stays under the heavy resistance at $ 6600 and falls below 6350 than the altcoins will get another slap down!

So what is good buy?

0.20 euro is a good buy moment but we recommend to not use all of your capital at once but spread your investments! with each trade we don't use more than 5% of our Capital so if the price falls we don't lose too much of our Capital. You can use a Stoploss or you can buy when the price goes down. So your average buyprice will be lower.

so you can buy between 0.20 and 0.25 euro
targets are the fibonacci levels: 0.27 - 0.35 - 0.42

We don't recommend stoploss but at 0.238 you can sell

if you have questions don't hesistate to comment below!

Trade active:

Well What a Great ride on this Train!

Bitcoin Survived the 6600 dollar area and is now above the support level around 6850

therefore we see more investment towards XRP and the price did rice and didn't break our support at 0.25 euro. We did buy xrp around 0.23 euro and again at 0.25 euro.

What do we do now?
We will again keep an eye on BTC and the volumes around the cryptomarket.
for now we will sell some of our posistion with 30% Profit. We recommend to sell at least 20% of your coins at each crucial level!

next targets: 0.35, 0.42 -0.46 and 0.54

stoploss between 0.21 and 0.23

stay updated for our trading strategy