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 useful technical indicator, whether in spot, contract, or meme trading!

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

Application of Fibonacci
BO - Breakout explanation Before entering a trade, a Breakout must occur.
66 - A level after Fibonacci 0.5 and 0.618, which is 0.66.

Application method (simple case) -
After the breakout, pull Fibo up from the starting price to the retracement point (A-->B)
Patiently wait for the price to retrace to between 0.5-0.618 to enter (B-->C), 0.66 will be a better price level.

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