## Fibonacci Retracement: An Indispensable Tool in Cryptocurrency Trading
In the volatile world of cryptocurrency trading, finding the exact entry and exit points is what most traders desire. That is why **Fibonacci retracement** has become one of the most widely used technical analysis tools on exchanges.
## What Is Fibonacci Retracement?
**Fibonacci retracement** is a method that helps traders identify potential **support levels** ( where the price may recover ) and potential **resistance levels** ( where the price may be blocked ). This tool is based on a special mathematical sequence, wher
View OriginalIn the volatile world of cryptocurrency trading, finding the exact entry and exit points is what most traders desire. That is why **Fibonacci retracement** has become one of the most widely used technical analysis tools on exchanges.
## What Is Fibonacci Retracement?
**Fibonacci retracement** is a method that helps traders identify potential **support levels** ( where the price may recover ) and potential **resistance levels** ( where the price may be blocked ). This tool is based on a special mathematical sequence, wher