Fibonacci Retracement Levels Usage: Accurately Capturing Entry Points for Pullbacks
In short-term trading, 0.382 and 0.618 are key retracement levels. When a cryptocurrency breaks through the previous high by 3% with increased volume, a pullback to the 0.382 level with reduced volume is a signal to enter; if it falls below the 0.618 level, it indicates a weakening trend, and one should refrain from entering. Coupled with MACD red bars continuing to expand, the winning rate can increase to 67%.$BTC
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