Fibonacci retracement key points in market analysis. This classic tool can help you quickly identify support and resistance levels—the 38.2%, 50%, and 61.8% golden ratios are most commonly used. Especially after a rapid increase or decrease in the price of a coin, a retracement to these key levels often results in a rebound or a continued breakout. In practical trading, combining candlestick patterns and volume analysis yields better results—don't rely on a single indicator. Mastering this technique can significantly improve your entry accuracy.
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BrokeBeans
· 7h ago
Fibonacci stuff sounds fancy, but in reality, it's just so-so. I never really followed it strictly anyway.
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IronHeadMiner
· 7h ago
Fibonacci stuff sounds mysterious, but it actually works really well, especially when combined with trading volume.
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MetaverseMigrant
· 7h ago
To be honest, overusing Fibonacci tools can easily turn into self-suggestion; anyway, you can find reasons for where the coin price is headed.
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TokenomicsDetective
· 7h ago
I've been playing with Fibonacci for a long time, but the key still depends on the market sentiment.
Fibonacci retracement key points in market analysis. This classic tool can help you quickly identify support and resistance levels—the 38.2%, 50%, and 61.8% golden ratios are most commonly used. Especially after a rapid increase or decrease in the price of a coin, a retracement to these key levels often results in a rebound or a continued breakout. In practical trading, combining candlestick patterns and volume analysis yields better results—don't rely on a single indicator. Mastering this technique can significantly improve your entry accuracy.