Question about impermanent loss with highly volatile liquidity pools

I'm currently studying about providing liquidity in DeFi and came across the concept of impermanent loss. I generally understand that it arises from the price volatility of the token pair we deposit. Now, if I were to invest in a pool with highly volatile token pairs like $ETH / $MATIC, or even new tokens with sharp price fluctuations, would the chance of encountering impermanent loss be significantly higher? And if it's much higher, are there any ways to mitigate this risk? Or should I just avoid it altogether?