Greeting @abdullahw2 Your explanation of Fibonacci retracements is clear and comprehensive. The analogy of retracements being like traffic indicators, guiding when to slow down or stop, is an excellent way to illustrate their role in analyzing market fluctuations. Your breakdown of the different Fibonacci levels and their significance adds depth to the understanding of these retracements.

The application of Fibonacci retracements on the Steem/USDT chart is well-demonstrated, and the advantages and disadvantages you outlined provide a balanced view of their utility in crypto trading. Overall, your post is informative and beneficial for those seeking insights into Fibonacci retracements in the context of cryptocurrency markets. Well done brother📈