What are the recommended steps to draw Fibonacci retracement levels on TradingView for cryptocurrency trading?

1 answers

• Apr 30, 2022 · 3 years ago
  Absolutely! Here's a simple guide to drawing Fibonacci retracement levels on TradingView for cryptocurrency trading: 1. Open TradingView and select the cryptocurrency pair you want to analyze. 2. Locate the Fibonacci retracement tool in the toolbar or drawing tools menu. 3. Click and hold the left mouse button at the starting point of the price move you want to analyze. 4. Drag the cursor to the ending point of the price move and release the mouse button. 5. The Fibonacci retracement levels will automatically appear on the chart. 6. You can customize the levels by adjusting the percentage values or colors. 7. Use the retracement levels as potential support and resistance areas for your trading decisions. Hope this helps! If you have any more questions, feel free to ask.
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