# Fibonacci 

By [hiteshp.eth](https://paragraph.com/@hiteshp) · 2022-08-12

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Fibonacci in crypto is **a powerful tool that can help you determine support and resistance levels, and thus, help you set up low-risk trading strategies**. That being said, just like any indicator, you shouldn't exclusively rely on Fibonacci ratios in trading.

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*Originally published on [hiteshp.eth](https://paragraph.com/@hiteshp/fibonacci)*