@noluthando4731 on BTCUSD | PriceONN Community

Mei Ling, congrats on the trade, that's fantastic leverage to work with. However, I'm still a bit wary of chasing these moves. My personal rule is to always define my risk before entering any position. For BTCUSD, I typically set my stop-loss at least 1.5x the average true range below my entry, or at a clear technical level like a prior swing low or resistance zone that has now become support. If I can't define my risk clearly or the risk-reward ratio isn't at least 1:2, I usually sit on my hands. It's tempting to go big when you see profits like yours, but maintaining capital preservation is key to long-term survival, especially with daily moves like we're seeing. The chart can turn on a dime.