Fibonacci Retracement: How to Predict Cryptocurrency Reversals? 📉

Crypto enthusiasts, hang on! 🌟 Today I'm sharing the Fibonacci Retracement strategy — a secret weapon for predicting reversals on $LINK

What is it?

Fibonacci — correction levels (23.6%, 38.2%, 50%, 61.8%) that indicate where the price may reverse after a rise or fall.

How to use it?

Find the maximum and minimum on the chart (for example, over a week).

Apply Fibonacci levels.

Buying: Price bounces off 50% or 61.8% with increasing volume.

Selling: Price tests 23.6% or maximum — get ready to exit.

Example with $BNB : In May 2025, $BNB fell to 61.8% ($500) and soared to $600 in 5 days (give it a try)!

Life hack: Combine with RSI — below 30 confirms a buy. Set a stop-loss below the key level.

Ready to predict? Open Binance, test it out and share in the comments! ⚡ Caution: the market is volatile!

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#Crypto #Trading #Fibonacci #BNB #Chainlink