Lets all just take a minute to laugh at xrp chart before we go any further. What a fking ponzi right? XD
Its hard to get any optimistic analyisis out of this donkeycoin as most think its allready over, money gone, Bitconnect 2.0.
But lets try anyway shall we.
Firstly, i have to say investing into xrp today seems as dumb as believing into santa clause is real. The price is flat as a pancake, there are absolutly no confirmed support levels, and the sentiment is shouting doom all over the place.
So can this be a good time to put on the space suit and become a moonboi with a contrarian mindset?
Some believe it is. As the price was constantly sinking through all the support levels like they where made out of butter, it finally started to slow down near the very last one i call the "baseline". Now this doesnt mean there might come a trend change or anything, as this is very unlikely in a pump n dump shitcoin market. Rather it suggest there might be a decent bounce coming sooner or later that can profit many who dont take this project seriously.
So i suggest these two trading plans for now. Plan A as the main plan, where u would buy in somewhere near the baseline, hodl until pump, and then dump your bags immediately.
Or, if the ponzi continues to drop and decides to dive through baseline, its maximum short engaged without any specific stop loss or target as we are submerging into a uncharted territory.
I hope everyone comes out as a winner on this one.
Happy gambling kids!
Plan A:
Position: Long 1x
Target: 1$
Sl: na
Plan B:
Position: Short 50x
Target: na
sl:na
Its hard to get any optimistic analyisis out of this donkeycoin as most think its allready over, money gone, Bitconnect 2.0.
But lets try anyway shall we.
Firstly, i have to say investing into xrp today seems as dumb as believing into santa clause is real. The price is flat as a pancake, there are absolutly no confirmed support levels, and the sentiment is shouting doom all over the place.
So can this be a good time to put on the space suit and become a moonboi with a contrarian mindset?
Some believe it is. As the price was constantly sinking through all the support levels like they where made out of butter, it finally started to slow down near the very last one i call the "baseline". Now this doesnt mean there might come a trend change or anything, as this is very unlikely in a pump n dump shitcoin market. Rather it suggest there might be a decent bounce coming sooner or later that can profit many who dont take this project seriously.
So i suggest these two trading plans for now. Plan A as the main plan, where u would buy in somewhere near the baseline, hodl until pump, and then dump your bags immediately.
Or, if the ponzi continues to drop and decides to dive through baseline, its maximum short engaged without any specific stop loss or target as we are submerging into a uncharted territory.
I hope everyone comes out as a winner on this one.
Happy gambling kids!
Plan A:
Position: Long 1x
Target: 1$
Sl: na
Plan B:
Position: Short 50x
Target: na
sl:na