For this instrument, I'm observing some sell pressure now after many buy signals.
I thought it was at the bottom at about 126 but it's dropped further.
I'm new to this stuff so don't know if there's something I'm missing here
I always define risk before entering the trade (position size). The other part of it is managing winners (trailing stops or exiting after profit is at least 1.5/2 greater than the initial risk.