The Fibonacci retracement levels are traders often use other indicators the trader views as relevant, any two significant price points, to certain Fibonacci levels.
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Many crypto traders use the Fibonacci retracement tool to check for possible places where a price pullback may find support or resistance. You can form your crypto trading strategy around different Fibonacci levels as it works for you. We already described how the ratio 0. Crypto traders use the Fibonacci retracement tool to identify support and resistance points while trading. When these indicators are applied to a chart, the user chooses two points.
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