Avoid using such indicators with shitcoins that can easily get pumped and dumped, or else you will get rekt.
trading shitcoin doesnt need any indicator to analize its price based on technical. just following hype and trend will help us to earn money , but we must take profits as soon as possible and dont ever hold it too long or we will gonna rekt.
fibonacci combined with price action analisys will be great system to earn profits. usually to identify trend, traders using moving average or trendline and too analize correction or continuation level could use fib retracement and fibo expansion. this is simple system that could applied by all traders.
price action analisys was difficult technique and need long time to understand price habit. maybe full traders will faster applied this strategy due they have more time to monitor price.