Thoughts on CADCHF and the 'set it and forget it' approach

Been watching $CADCHF lately, specifically the recent bounce off the 0.5799 level. It's currently sitting around 0.58209, up a bit today. My take, and I know this might rub some the wrong way, is that these lower liquidity pairs, even when they present seemingly clear technical setups, often punish the 'set it and forget it' crowd more severely than the majors. I see a lot of chatter about identifying a clear support/resistance, placing a limit order with a tight stop, and then walking away. While that can work on something like $EURUSD, the wicks and the potential for wider spreads on pairs like $CADCHF during lower volume periods can just eat you alive if you're not actively managing it, or at least setting wider parameters that account for that volatility.

It feels like a trap for those who apply major-pair strategies indiscriminately. I'm not saying don't trade it; just that the hands-off approach feels particularly risky here. Am I being overly cautious, or has anyone else been burned by this kind of thinking on cross pairs? Push back if you think I'm missing something crucial.