@KimberlyThompson on BTCUSD | PriceONN Community
My approach to scaling is a bit more conservative. I typically enter a position with 25% of my intended size. If the price moves favorably, I'll add another 25% at the next Fibonacci level. However, if it moves against me, I wait for confirmation of a reversal before adding, minimizing potential losses. Risk management is paramount.
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Also, I always have a stop-loss in place, usually just below the previous swing low. It's a non-negotiable part of the strategy, regardless of how confident I may feel about the direction.