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RE: Steemit Crypto Academy Contest / S14W4 – Retrocesos de Fibonacci.
Certainly, Fibonacci retracements offer valuable advantages by providing a good indicator for predicting trend changes. The ability to foresee the probability of a price change and estimate the magnitude of the retracement gives traders an essential tool for making informed decisions.
Moreover, the ability to place appropriate stop-loss orders based on this information improves risk management and helps avoid significant losses. A prudent approach to maximizing benefits and mitigating drawbacks. Excellent analysis!
Saludos amigo muchas gracias por pasar y comentar. Bendiciones