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RE: Steemit Crypto Academy Contest / S14W4 - Fibonacci Retracements.
Greetings ma,
You've hit the nail on the head. Fibonacci retracement is indeed a powerful tool for technical analysis. Like any other analysis tool, it has its pros and cons.
To make the most of it, it's important to invest time in understanding how it works and also explore other indicators that can complement it. By combining different tools and indicators, we can enhance our analysis and get more accurate results. So keep learning, experimenting, and finding the best combination that works for you. Wishing you success in the contest.
Yes, combining Fibonacci with other tools and indicators will yield more positive results. And dedicating more time to understanding it will truly help. Thank you for your valuable comment. I appreciate
Hence, taking the time to go deeper into understanding it will definitely be beneficial. I'm glad you found my comment valuable, and I appreciate your kind words.