Fibonacci Retracement

Fibonacci retracement draws horizontal levels at fixed fractions of a prior swing — 38.2%, 50%, 61.8% and 78.6% are the common ones — to estimate where …

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What is Fibonacci Retracement in crypto trading?

Fibonacci retracement draws horizontal levels at fixed fractions of a prior swing — 38.2%, 50%, 61.8% and 78.6% are the common ones — to estimate where a pullback might stall before the trend resumes. Its power is not in the mathematics; it is that enough traders watch the same fractions to make them self-fulfilling.

Crypto Jargon

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