$ZEC moves 2.2% an hour. Most people size it like a stablecoin.
A $1000 account can only risk $10 on a single trade.
That’s the max loss if the stop hits.
The 1h ATR is 2.2% of $1269.25 = $27.92.
So you can only place a stop $27.92 away.
Tap $ZEC and look at the last 24 hourly candles, the level is right there.
Size your position so 2.2% of entry equals 1% of your account.
What’s your position size rule on volatile coins?
Binance data as of 16 Sep 17:00 UTC. Not financial advice.
#ZEC #TradingTips
A $1000 account can only risk $10 on a single trade.
That’s the max loss if the stop hits.
The 1h ATR is 2.2% of $1269.25 = $27.92.
So you can only place a stop $27.92 away.
Tap $ZEC and look at the last 24 hourly candles, the level is right there.
Size your position so 2.2% of entry equals 1% of your account.
What’s your position size rule on volatile coins?
Binance data as of 16 Sep 17:00 UTC. Not financial advice.
#ZEC #TradingTips