Do not miss the opportunity in November 2024 to buy when it was on sale; back then I didn't have the knowledge I have now, and I am still learning.
I share with you what I have learned and what I apply to buy and what I do and what I will do with this particular case $XRP👇
1. Never buy far from the 100/200 moving averages on daily or weekly. You should buy if the candles are near or above them 📍 that’s why I will wait for XRP to reach 1.67$ or 1$ and drop much more to 0.76$ to buy even more. I do this in Spot, not futures, and then just wait for time to work its magic.
2. That chart may be confusing with all those lines, confusing and messy, but that’s my way of doing it or seeing it (my strategy) I do not buy when it has already risen, when it leaves those huge gaps or imbalances.
3. It also applies on the hourly; I only make my entries on the hourly, daily, or weekly depending on the context, of course.
NOTE: The market is cyclical; just because you think you missed an opportunity does not mean there won’t be others. On the contrary, there are always opportunities with the same asset or with others; you just have to learn, study, and follow a plan or strategy.
👇 Leave me your comments; they help me learn and maybe see what I still don’t see 👇
