Buying strategy for XRPUSD

BITSTAMP:XRPUSD   Ripple幣 / 美元
XRPUSD is at a sweet spot now and i think will be soon finished with the correction phase.

I will be starting to put Long orders soon with different strategies.

My favorite way is to put small orders now such that i can put the SL to 0 fib level. This is the safest order i think and even if it goes beyond (which will be very unlikely) I wont be losing too much.

The second set of long positions will be medium size. I will put some of those once we will cross the 50 EMA line. SL will be 0.78 fib level for this case. This will be medium to low risk position.

The last set of long will be big contracts which I will open once the EMA lines have crossed. I think EMA lines crossing will be the confirmation of the correction completion. SL will be 0.78 fib too. This will be high risk trades.

I really think that XRP is very bullish and this is a good correction so we will see a new high soon.

Best of luck.
評論: Following a downward channel.
Must break this channel
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