Using Fib to find the retracement. I used this upward trend because it was the timeframe I could see the clear upward trend. - Have I used the correct time frame? 4Hour. - Have I used the correct upward trend? - Should I have used a lower time frame to find a closer upward trend to the current candle? E.g 1 Hr or 30 min.
To me this chart is telling me BNB is in an danger zone, however I feel I should have chosen an 1.5hour and found a upward trend closer to the current candle.
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