🚀 Trading Strategy with Fibonacci for Cryptocurrencies! 📈
Objective: Use Fibonacci levels for optimized entries and calculate average price in cryptocurrency operations.
1. Asset Selection: Focus on liquid cryptos (BTC, ETH, SOL).
2. Technical Analysis:
- Charts: 4h or 1d for swing trading; 1h for day trading.
- Trace Fibonacci between minimum and maximum (e.g.: BTC from $50K to $60K).
- Main levels: 38.2% ($56,180), 50% ($55,000), 61.8% ($53,820).
- Confirm with RSI (30-40 for buying) and moving averages (MA50/MA200).
3. Entries:
- Buy at Fibonacci supports (e.g.: 38.2% or 61.8%).
- Split the capital (e.g.: 50% at 38.2%, 50% at 61.8%) for average price.
- E.g.: 0.1 BTC at $56,180 + 0.1 BTC at $53,820 = average price $55,000.
4. Risk Management:
- Stop-loss: Below the next Fibonacci level (e.g.: $52,000).
- Risk: Maximum 1-2% of capital per trade.
- Risk/return: Minimum 1:2.
5. Exits:
- Sell at Fibonacci resistances (e.g.: 23.6% or maximum).
- Use trailing stop for strong trends.
6. Tools:
Binance for trading, TradingView for Fibonacci, Chalet Alert for monitoring.
Tip: Test on a demo account and combine with news (e.g.: Fed, regulations).
