$MNST long off POC and AVWAP

Long MNST off likely support by POC and AVWAP.
Entry: $55.75

Risk options:
SL under previous low $54.75: Risk = $1.00 ($55.75 - %54.75)
SL under Low Volume Node (LVN) $53.45: Risk = $2.30

Tp at Value Area High $60.42

R:R ratio
1:4.7 or 1:2
($1 / $4.67 or $2.30 / $4.67)

Position Size:
'R' x Account_Size / Risk

Where 'R' is the percent of your account you are willing to lose (typically <2%)
Account_Size is your total risk capital
Risk is either $1.00 or $2.30 depending where you put the SL

Ex. If you are risking 2% per trade, your risk capital is $10,000 and you put the SL under previous low:

Position Size= 2% x $10,000 / $1.00 = 200 Shares
(or 87 shares with the SL under the LVN)