$XRP 1. Market Analysis
Technical Analysis: Use indicators like RSI, MACD, and moving averages to spot trends.
Fundamental Analysis: Track news, blockchain updates, and market sentiment.
---
2. Entry Strategy
Spot Trading: Buy during dips or support zones.
Futures Trading: Use leverage cautiously with proper risk management.
Set Alerts: Place price alerts for breakout or breakdown zones.
---
3. Risk Management
Use Stop-Loss to minimize losses.
Keep risk per trade under 2-3% of total capital.
Diversify between BTC, ETH, and other stable projects.
---
4. Exit Strategy
Take profits in stages (e.g., 25% at +10%, 50% at +20%).
Use Trailing Stop to lock in profits while riding trends.
---
5. Record Keeping
Maintain a trading journal to note reasons for entry/exit.
Review trades weekly to improve performance.
---