I suppose it depends on whether it's expected or unexpected news. Like is it a natural disaster that could happen any time, or a scheduled earning report that is due, but could go either way.

Unexpected news, always have emergency stops in place because sh1t happens.

News that could go either way,sell and buy stops above both the low and high of the prior channel with a smallish risk reward ratio. And not even OCO either as usually both get hit and win on both. But not very often though, try to stay out the market if it's scheduled news...