Long term XRP has some great potential but wheres it gonna go, I dont have a clue. It is either an abcde or we're gonna get a zigzag who knows. I have set up the following buy ladders.
The rules are as follows the ladders are set and left. If targets are hit stop losses can be set to protect the profits of those ladders if analysis says more downwards movements is to come
If the blue line is hit any pump which makes all buy orders profitable must be sold. so if we go to 2 cents then go to 11 and only the first six rungs are hit we must sell the maths say we will still get a 36% overall profit.
if the thick red is hit all ladders must be sold. For a maximum 50% loss.
The major target is 1$ to 3$
so the risk to reward is quite high
The trade is to be done with a max of 10% of the portfolio so the overall risk to the portfolio is 5%.
The rules are as follows the ladders are set and left. If targets are hit stop losses can be set to protect the profits of those ladders if analysis says more downwards movements is to come
If the blue line is hit any pump which makes all buy orders profitable must be sold. so if we go to 2 cents then go to 11 and only the first six rungs are hit we must sell the maths say we will still get a 36% overall profit.
if the thick red is hit all ladders must be sold. For a maximum 50% loss.
The major target is 1$ to 3$
so the risk to reward is quite high
The trade is to be done with a max of 10% of the portfolio so the overall risk to the portfolio is 5%.