Fundamentally solid, and with a sligly undervalued marketcap I believe.
So yesterday we got some good news from PowerLedger.
Thai-Government backed BCPG agreement!
That's substansial and should increase the hype. It's a new coin, and there is a lot of speculation money flying around now. That's what I think could equal increasing demand for the short term.
POWR is a little difficult to fundamentally judge. It's very techie.
However, I like the team and it definetly looks like they are doing a lot of work and have some important connections.
That's enough for me to invest for the short-mid term. I see a good risk/reward ratio.
But I would recommend small percentage of portfolio.
You may know that I don't like to draw on BTC parings. If there is no USD pair I tend to go much more on the fundamentals.
However, I have added on some fib levels to where I think we could face some resistance. And the is always nice to follow for support levels.
My target for this trade is around 16900 SAT.
I have added it to my Portfolio-Spreadsheet.
Where you can follow what changes I make in my hodlings.
Maybe I got some whale followers.
I am looking for bigger increases, but it's always smart to lock in profits.
PowerLedger is closing in on my target, and I think the likelyhood of it hitting is relatively high!
Will do my best to keep it updated! Though we are not far from target :)
In 2017 I had a strategy with 30 coins with different percentages (4%,2%,1%). So if I sold one coin I had to buy another for the same percentage of portfolio. If there was profit left, that was taken off the table.
If I had lost, I had to add from my dollar holdings.
In 2018 I am changing strategy somewhat. Going down to 20 coins, and removing trade portion of portfolio (will write blog post about the reasoning). Making each coin 5%.