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1. Position Adjustment Strategy:
For Large Positions:
If your position size in ETH or Ondo is relatively large, consider reducing it to set a breakeven stop loss. This helps mitigate risk while preserving the opportunity for upside.
For Smaller Positions:
If the position size is manageable, maintain the original stop-loss levels. This ensures you remain in the trade and can benefit from potential upward movement.
2. Stop-Loss Levels:
Ondo: Set a standard stop-loss at 1.415.
ETH: Set a standard stop-loss at 3420.
3. Scaling In:
Refrain from increasing your position prematurely. Wait for the trend to stabilize before adding to your position to maximize the risk-to-reward ratio.
4. Weekend Note:
Take a well-deserved break tomorrow. Wishing everyone a restful weekend!
Market updates will resume at 18:00 on Sunday.
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