Analyze key Fibonacci levels to identify potential support, resistance, and entry points.
Fibonacci Retracement Levels for [Asset Trading Symbol]
Evaluate **Fibonacci Retracement Levels** for [Asset Trading Symbol] to identify key price levels, trend continuation signals, and strategic trade opportunities.
Instructions for ChatGPT:
- Identify **key Fibonacci retracement levels**: 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
- Assess **support and resistance** at Fibonacci levels to determine possible price bounces.
- Analyze **trend continuation** to see if retracement levels align with broader price movements.
- Spot **price confluence** by checking where Fibonacci levels overlap with other technical indicators.
- Determine **entry and exit points** based on Fibonacci retracement signals.