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RE: Trading using Fibonacci Retracement Levels

in SteemitCryptoAcademy5 months ago

You're absolutely right. The Fibonacci retracement tool is really helpful in giving us an idea about potential support and resistance levels in the future. However, it's important to remember that it's not 100% accurate, just like any other indicator or tool. So, it's crucial to be careful and use backup technical analysis tools to identify potential areas for making more informed decisions. That way, you can avoid any regrets down the line. Risk management is key.

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Exactly as I said 👍 Risk management is truly the key for a successful trader.

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