How do you avoid impermanent loss on Uniswap V3?

How do you, as a seasoned cryptocurrency and finance practitioner, navigate the potential for impermanent loss when utilizing the Uniswap V3 platform? Are there specific strategies or best practices you recommend to minimize this risk? Understanding the intricacies of liquidity pools and the dynamics of price movements seems crucial in this regard. Could you elaborate on how one can make informed decisions to protect their investments from impermanent loss on Uniswap V3?