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I'm still trying to get a handle on using Fibonacci retracements effectively. When you're looking for potential support or resistance levels, what are the most commonly watched Fib levels you guys use for ETHUSD? I've been reading up but seeing it in practice on charts is different.
Actually, I was just reviewing some older charts and noticed that the 0.618 Fib level seemed to coincide quite nicely with the 200 SMA on the daily timeframe for ETHUSD a few weeks back. That's something I'll be keeping an eye on more closely. It's fascinating how these tools can line up.