Your stop on
$ONDO at $0.38070 is closer than the noise. Here is why that fails
Most traders pick an arbitrary percentage loss and call it a risk limit
That math ignores what the market is actually doing on the chart
Take
$ONDO right now trading down at $0.38380 after dropping 4.7 percent over the day
The hourly ATR is 1.1 percent of the price which is normal background chop
If your stop sits tighter than that natural hourly swing you get hunted by accident
The 24h swing low sits at $0.38070 right below the current price
If price breaks that specific level the whole idea of the trade is genuinely dead
Put your stops behind real market structure instead of random round numbers
Where do you normally set your risk limits
#ONDO #TradingTips