I often look for support levels and breakout signals in meme swing trading. Besides the commonly used MACD and KDJ, Fibonacci is the most used one.

Fibonacci Fibo is a very practical technical indicator whether in spot, contracts, or meme trading!

Of course, there is no best technique! There is only the one that suits you the most!

Application of Fibonacci
BO - Breakout Explanation: A Breakout must occur before entering a trade.
66 - A level of 0.66 after Fibonacci levels of 0.5 and 0.618.

Application Method (Simple Case) -
After the breakout, pull the Fibo from the price starting point up to the retracement point (A-->B).
Patiently wait for the price to retrace between 0.5 and 0.618 to enter (B-->C). A level of 0.66 would be a better price point.

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