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About Fibonacci TradingLearn More

Fibonacci indicators are a set of ratios defined by the Fibonacci sequence (in mathematics). The Fibonacci indicator in the digital currency market is a trading tool that shows support and resistance levels on a price chart. Traders often use this indicator to confirm entering a position and determine profit and loss limits. The basic idea is that after the start of an uptrend or downtrend, the price will make a return to the previous support and resistance. Fibonacci tools are very useful for identifying these ranges. You can combine Fibonacci levels with other analytical methods.
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