How Retracements Differ From Reversals in Crypto: Using…
By Damilola Esebame
Source excerpt · FinanceFeeds
KEY TAKEAWAYS A retracement is a temporary price pullback within a larger trend, while a reversal signals a change in the prevailing price direction. Fibonacci retracement levels at 23.6%, 38.2%, 50%, 61.8%, and 78.6% help traders identify potential support and resistance zones during pullbacks. The 61.8% level, often called the golden ratio by traders, is one of the most closely watched Fibonacci…