Utilization of Fibonacci Sequences in the Cryptocurrency Market
In crypto trading, a flat concept refers to a situation where the price of a particular cryptocurrency is neither increasing nor decreasing significantly. Instead, it remains relatively stable within a narrow price range. This state is also known as consolidation or range-bound trading.Such condition can occur for several reasons, including a lack of significant news or developments in the crypto market or a decrease in trading activity due to market uncertainty or fear. During a flat market, traders and investors may struggle to make profits since the price is not moving significantly in either direction.
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