Beginner crypto traders do not always know where to take profits, and to understand this, I suggest using the well-known tool, namely Fibonacci correction.

Using the example of the coin BRETT, another meme coin that has already had its run, I will show and tell how I and my wife managed to earn on this asset.

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As you can see from the first screenshot, the Fibonacci zone worked out, but we still saw a breakout, as there were too many buyers; most likely, the majority of buyers placed their stop losses below the Fibonacci levels.

Accordingly, we caught a lot of stop losses.

After that, a pump occurred in the asset, and in screenshot 2, you can see what Fibonacci levels can hint us about where we will take profits after breaking the main Fibonacci high.

And you can see that we can use such levels as -0.236, -0.382, -0.5, -0.618, -0.786, as well as levels -1 and -2.



You can set alarms there and look for bearish or bullish signals based on touches of these levels. That is, look for arguments based on your knowledge of technical analysis, which you use, for example, for taking profits or entering positions in futures.



And I ask you to look into the comments, write words of gratitude, and also repost to the hamster who loses money without knowledge.

Pay attention to the Fibonacci grid settings. The current levels that you can check not just by trusting me or some other info-scammer from the internet, but it's much easier to understand with structural points, to apply Fibonacci to structural points, and then look at history to see how these levels worked out.



Practice on history, and then, according to your assumptions and risk-money management, go to the chart and try to earn. But remember, the most important thing for a beginner is to learn not to lose your funds. Come for free training on Thursdays and improve your logic by asking questions.

$BTC $ETH $XRP

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