Smart Start TA Series 16: Understanding Fibonacci Retracement Levels

In the previous articles, we explored tools like moving averages and trendlines to identify trends. Now, let’s dive into Fibonacci Retracement Levels, a powerful tool used to forecast possible support and resistance levels during a correction. Fibonacci levels are based on the famous Fibonacci sequence and help predict how far an asset like Bitcoin or Solana might pull back after a significant price movement.