Whatchu you say about my LAMA?!!!
- Fibonacci Identification
Identify key price levels using Fibonacci retracement and extension levels.
- Entry & Patience
-Enter trade at Fibonacci levels with confirmation signals.
-Exercise patience and wait for pullbacks in uptrends.
-Stop-Loss Placement
-Set stop-loss below key Fibonacci levels or technical support.
Protects capital if trade moves against expectations.
-Monitoring & Adjustment
Monitor price action closely for signs of reversal or continuation.
Adjust position size if favorable opportunities arise during pullbacks.
-Exit Strategy
Exit trade at Fibonacci extension levels or signs of trend reversal.
Consider trailing stop-loss to protect profits as trade progresses.
Lama combines the precision of Fibonacci retracements and extensions with prudent risk management and patience, aiming to capture profits while minimizing potential losses in the volatile cryptocurrency market.
