Fibonacci Retracement definition
Définition
Tool using horizontal lines to indicate support/resistance areas
Based on Fibonacci sequence, levels like 61.8% predict pullbacks; widely used in crypto for entries during corrections in bull markets. Key Levels: 23.6%, 38.2%, 50%, 61.8%, 78.6%. Extensions: 127.2%, 161.8% for targets. Usage: Draw from swing low to high.
Based on Fibonacci sequence, levels like 61.8% predict pullbacks; widely used in crypto for entries during corrections in bull markets. Key Levels: 23.6%, 38.2%, 50%, 61.8%, 78.6%. Extensions: 127.2%, 161.8% for targets. Usage: Draw from swing low to high.
keywords
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