Your stop on $SOPH at 0.002040 is probably in the wrong place
Most traders just pick a round percentage and get chopped out of the move
Look at the actual chart structure instead of guessing
The 24h swing low on $SOPH sits down at 0.001270
The 1h ATR is running at 12.3 percent right now
That means normal hourly noise on $SOPH can easily move a massive chunk of price
Putting your stop closer than that ATR means random noise kills your trade before the thesis plays out
A real stop belongs below the level that actually invalidates the setup
Where do you normally place your stops on high volatility charts
#SOPH #TradingTips
Most traders just pick a round percentage and get chopped out of the move
Look at the actual chart structure instead of guessing
The 24h swing low on $SOPH sits down at 0.001270
The 1h ATR is running at 12.3 percent right now
That means normal hourly noise on $SOPH can easily move a massive chunk of price
Putting your stop closer than that ATR means random noise kills your trade before the thesis plays out
A real stop belongs below the level that actually invalidates the setup
Where do you normally place your stops on high volatility charts
#SOPH #TradingTips