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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
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In the cryptocurrency circle, manage positions well.
So you've outrun the majority of people.
Next, let's introduce two methods of position management:
1. Left Position Management 2.3.5
1) Do not shoot all the bullets in your hand at once, buy in batches
(2) Funds can be divided into several portions, and when uncertain, buying in batches is the most suitable method to average the cost price.
(3) The bottom of the replenishment should be flexibly handled according to the changes in the market situation. Do not replenish too frequently, as it has a negative effect on averaging the coin price. The advanced 20, 30, 50 percent is suitable for aggressive investors who are keen on bottom fishing.
(4) The initial entry capital is relatively small, and the purchase price of the currency does not rise but continues to fall. Gradually increase the position in the future, and the proportion of increasing the position becomes larger and larger, thereby diluting the cost. This method has relatively small initial risks. The higher the funnel, the more substantial the profits.
2. Right position management 3.3.2.2
1) Buy 1: When the 5-day moving average crosses above the 10-day moving average, add 30% of the position.
(2) Buy 2: If the coin price breaks through the lifeline and then retraces to the lifeline, continue to add 30% to the position to ensure that the total position reaches 60% during the initial rise.
(3) Buy 3: Break through the neckline or other important resistance levels, stabilize again after a retracement, indicating the formation of a reversal pattern, and add 20% to the position again. The total position should reach , and hold the currency for the next move.
(4) Buy 4: When the price of the coin appears above the lifeline again and the 5-day moving average and the 10-day moving average cross, it is a typical signal of stepping on the accelerator and pumping. At this time, the remaining 20% of the position should also be bought in time to maximize profits.
means winning over most people.