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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