In this XRP analysis, I talk about the best conservative trading strategies to use. It is easy to get caught up chasing after trades. When a coin jumps 50% in an hour, it is tempting to buy into because you are afraid of missing out on potential gains. It all comes down to your trading mindset. There are always gains to be made in the market. Having a plan is more important than anything else when trading. It builds confidence which allows you to make the smart trade.
Trading a breakout is much easier than most people think. It all comes down to having orders in place before the breakout occurs. In this video, I show two examples. The DNT example shows how a breakout could occur in both a positive and negative direction. In this case, you want to protect yourself. The XRP example shows the best way to trade a rounded bottom scenario.