Monero is rising in stature among cryptocurrencies. I hold a small position ultra long. This is a scenario where you could take a long with a 4:1 risk / reward.
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Within minutes of posting this idea Bitcoin started pumping. Even if the Bitcoin pump causes a quick stop XMR is still a buy in 2017 (in small amounts as part of your highest risk allocation).
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Never opened a position. It went to sell back through buy to rocket ship.