Practical Education: How to Use Fibonacci Retracement to Find Entry Points
Fibonacci Retracement is a powerful tool for identifying potential support and resistance levels. After a strong upward movement, prices often "retrace" to one of the Fibonacci levels (38.2%, 50%, or 61.8%) before continuing to rise. To use it, select the tool on the chart and pull from the most recent low to the most recent high of the movement. The levels that appear are your zones of interest for a possible trade.
Optimized CTA: Open the chart of $AVAX, which had a recent movement, and practice drawing the Fibonacci Retracement to find the possible supports.
