List of Flash News about 0.618 level
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2025-05-06 11:30 |
Fibonacci Golden Ratio 0.618: Key Crypto Trading Zones Identified by WallStreetBulls
According to WallStreetBulls, using the Fibonacci tool between the nearest swing low and swing high can help traders identify critical buy and sell zones in the cryptocurrency market. Specifically, the golden ratio level 0.618 (or 1.2250 if inverted) serves as a powerful decision point—prices below this level indicate a potential sell zone, while prices above suggest a potential buy zone. This concrete technical strategy is widely adopted for its simplicity and effectiveness in crypto trading, as cited by WallStreetBulls on Twitter (source: twitter.com/w_thejazz/status/1919716445413335533). Traders can leverage these levels to optimize entry and exit points, improving short-term and long-term trade outcomes. |