Your title says another story while the post is about indicators, as I don't think risk management is based on indicators only. As many other important factors play a role in managing the risk factor, For example, doing DCA and keeping funds in reserves for emergency moments, etc. And that's an obvious thing to follow or do while we are in the trading field. I mean, if we do not make any technical analysis and blindly jump into the market, then we might not get the results we are expecting.

The objective indicators that you are talking about come from TA, and I also know TA is not enough for one to make successful trades. As fundamental analysis (FA) is also important to get familiar with the situation of the whole industry overall, So we can make better predictions and succeed in our trades.

The point is that making blind trades is not going to make anyone profit. Instead, those threads will be totally based on emotions and sentiments. And whenever a person hears the news from social media, he or she will quickly fall prey to all market sentiments like FOMO, FUD, etc. Therefore, you have pointed out a good topic, but I think you are unable to fulfill the meaning of it.