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What is Fibonacci Retracement? Fibonacci retracement is a popular technical analysis tool derived from the Fibonacci sequence. Traders use these levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) to identify potential areas of support during a pullback in an uptrend, or resistance during a bounce in a downtrend. How to Read This Chart 1. Swing Low (Green Dot): The starting point of the upward impulse move. 2. Swing High (Red Dot): The peak of the upward impulse move before the price starts to pull back. 3. Fibonacci Levels (Gray Dashed Lines): These are the calculated price levels based on the Fibonacci ratios, extending from the Swing Low to the Swing High. • 0% (Swing High): The top of the move. • 100% (Swing Low): The bottom of the move. • Intermediate Levels: These are potential areas where the price might find support during the pullback before continuing the original trend. For example, the 50% and 61.8% (Golden Ratio) levels are particularly watched. Traders often look for the price to "bounce" off one of these Fibonacci levels, indicating a potential continuation of the original trend. $BTC
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🚨 GLOBAL FINANCE SHOCKWAVE! 💣 BlackRock Loses $500 Million in One of the Boldest Scams Ever Seen! 😱 $XRP The unimaginable has happened — BlackRock, the world’s largest asset manager, has reportedly fallen victim to a $500 million fraud, sending tremors across Wall Street and the global finance world. 🌍 The alleged mastermind? Bankim Brahmbhat, an Indian entrepreneur who crafted a high-level deception using forged contracts, fake invoices, and false investments that fooled even the sharpest minds in finance. Everything appeared legitimate — until the truth surfaced. Once the funds were transferred, Brahmbhat allegedly vanished, routing money through India and Mauritius before declaring bankruptcy in the U.S. and disappearing from his New York office overnight. 💨 Now, panic is rippling through markets — with whispers that more institutions might be caught in the same web. If true, this could trigger a chain reaction across global financial systems. 💰 Half a billion dollars — gone. Even the world’s biggest players can get outplayed. This isn’t just another fraud story — it’s a wake-up call for the entire financial world. 🌐 #XRP #CryptoNews #BlackRock #GlobalFinance #BinanceUpdate #KITEBinanceLaunchpool
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🚨 RUMOR ALERT 🚨 The U.S. government might be planning a massive $XRP acquisition at $10,000 per token using Treasury Bills. If true, this could reshape the entire global financial system. Are we about to witness the biggest move in crypto history? 👀 $XRP
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