What are the key factors to consider when using fib retracement on TradingView for altcoin trading?

1 answers

• Pluem1106Apr 26, 2022 · 3 years ago
  When using fib retracement on TradingView for altcoin trading, it is important to remember that fib retracement levels are not guaranteed to hold as support or resistance. While they can provide valuable insights into potential price levels, it is crucial to use them in conjunction with other indicators and analysis techniques. Additionally, it is important to consider the overall market sentiment and news events that may impact the altcoin's price movement. By combining fib retracement with other analysis methods and staying updated on market news, traders can make more informed decisions when trading altcoins.
  619

  310