The cryptocurrency market is known for its volatility and rapid price movements. For traders looking to navigate the unpredictability of digital currencies, technical analysis tools are indispensable.

Shain Vernier, a full-time trader, bets on crude oil, gold, and currencies over stocks. He utilizes the Fibonacci retracement tool for determining entry and exit points. He emphasizes the importance ...

A trader can use the Fibonacci retracement tool by connecting the low point and high point of a recent price movement on a chart.