✅ How to use the Fibonacci tool in trading?
🔵Fibonacci in the short term.
💠If you are a short-term trader, you can use Fibonacci in short-term trading. In this case, you can use the daily frame for more accurate information, but beware that the results will also be in the short term only.
💠Above is an example of the daily frame on Bitcoin. We do not recommend using time frames less than this due to whales controlling the markets. Notice how the three points mentioned range between $62,000 and $66,000. This means that you can place these points as places to take profits in the short term #EarnFreeCrypto2024 .
💠As for the long term, you want the price to constantly close above these points, especially at the weekly level, so that the price can rise again and form a new peak.