So far my two previous XRP posts have been accurate so let's make a third.
Xrp has broken out of it's bull pennant following btc's spike.
The 55 ema has got under the price which is a good supportive sign especially after a price squeeze.
Good risk to reward ratio along with a potential 20'% profit.
Tip: Never put all you money in at once. No matter how confident you are with my trades always dollar cost average your position. If the price dips after your initial investment, then simply buy more, assuming that the bias is still bullish. This will lower your average buy in price, thus lowering your break even point as well as making you more profitable.
Xrp has broken out of it's bull pennant following btc's spike.
The 55 ema has got under the price which is a good supportive sign especially after a price squeeze.
Good risk to reward ratio along with a potential 20'% profit.
Tip: Never put all you money in at once. No matter how confident you are with my trades always dollar cost average your position. If the price dips after your initial investment, then simply buy more, assuming that the bias is still bullish. This will lower your average buy in price, thus lowering your break even point as well as making you more profitable.
Comment:
Damn, hope everyone had a stop loss or is buying more
