I call this unplayable… has shown it can get stretched even more from 12 month moving average (i.e. greed or fomo)…

But what about risk management (i.e. fear)? Where is your sell-stop? Where is monthly defined support? If your sell-stop is far.. then your position size will be small…

How do you estimate the odds of the trade working out in you favor?

There are just WAYYY better setups out there if you are just looking at this chart for the first time.