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Fibonacci Retracements: A Guide to Using in Cryptocurrency Trading

Best for: Cryptocurrency Analyst, Technical Analyst, Trader, Quantitative Analyst, Hedge Fund Manager.

Fibonacci Retracements are a popular technical indicator tool used in cryptocurrency trading to identify potential support and resistance price levels. Based on the Fibonacci sequence, this indicator helps traders identify potential retracement points, profit targets and stops, thereby improving their trading strategies and maximizing profits in the markets Cryptocurrencies fluctuate.

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