Cryptocurrency Q&A
How reliable is Fibonacci trading?
How reliable is Fibonacci trading?
Eleonora
Mon Nov 04 2024
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5 answers
949
I'm interested in understanding the reliability of Fibonacci trading. I want to know how trustworthy and effective this trading method is in the real market.
5 answers
Caterina
Wed Nov 06 2024
Traders often use Fibonacci levels to anticipate where the market might find support or resistance.
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GeishaCharming
Wed Nov 06 2024
It's important to note that Fibonacci levels are not infallible.
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isabella_taylor_activist
Wed Nov 06 2024
Fibonacci levels are not considered as foolproof indicators of market movements.
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Eleonora
Wed Nov 06 2024
Occasionally, these levels can be breached, similar to how support and resistance levels can be broken.
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CryptoAce
Wed Nov 06 2024
Instead, they serve as general guidelines that provide insights into potential price action.
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