So, imagine you're a sniper, carefully eyeing your target through your scope. Suddenly, you notice something strange - the movements of your target seem to be following a pattern! You take a closer look and realize it's the Fibonacci sequence!
As any savvy sniper knows, Fibonacci retracements can be a handy tool in trading. So you whip out your Fibonacci tool (which, for the record, looks a lot like a ruler with some fancy numbers on it), and start drawing your lines.
You carefully calculate your entry and exit points, making sure to account for all the Fibonacci levels. And then, just as you're about to pull the trigger (on your trade, of course), your target moves - just like the sequence predicted!
You adjust your aim slightly, recalculating your Fibonacci levels on the fly. And then, with a steady hand and a calm mind, you take the shot.
The market reacts with a satisfying ka-ching, and you walk away with a tidy profit. As you pack up your gear and head off into the sunset, you can't help but think: "Sniping is all about precision and timing - just like trading with Fibonacci retracements!
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Just realised 28.600-28.800 has that little gap without candles it might be a better entry if you really try to snipe this thing!
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Right into that area and stop loss 28000 take profit 32000. Pretty huge R:R trade. Trade active!
Trade active
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I hope some of you following my ideas closely because I'm pretty sure that you can make some profit on the way just by checking the ideas and creating your own strategies. Never forget risking more than %2.5 of your account in 1 trade is never makes sense and never sustainable, focus on high R:R set-up can make you a tons of money without risking too much.
So ideas like this are not common but you can find it in any high volume market which is cryptocurrencies right now.
Please like and follow if you benefit in any way because if you do more people can see and benefit, thank you and stay connected! twitter: chartistmove
In my opinion it will be much lower than 28,600 - 28,800 , many long leverage that will be squeezed and liquidate followed by panic seller underwater, and sellers who in profit since 2022 lows, I feel it will be chain reaction and can turn ugly at that moment, anyhow with the supposed un-centralized you can expect anything when it's manipulate un-centralized lol it's been anyways manipulated pump since 24k range, that's my personal opinion but anything can happen in crypto market
xuk1
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@rushan610, yes it might be although our stop loss will be tight and we can take an action for next move downside! but great insights you have thanks a lot for the comments!
atheena2020
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23-25K
xuk1
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@atheena2020, exciting to watch I always risk 1 percent of my account so its a 1 to 4 rr for me!