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🧵 Thread 24 – What are the key Fibonacci levels and how to use them for precise entry and exit on Binance
Many draw retracements, but don’t know at what level to take action. Today I will explain the most important Fibonacci levels and how to make the most of them.
Let’s go!
#Binance #CryptoForBeginners #EasyTrading
🔸 1. What are Fibonacci levels?
When you draw the retracement, several horizontal lines (levels) appear.
The most common:
• 0.236
• 0.382
• 0.5
• 0.618
• 0.786
Each one acts as a possible support or resistance.
🔸 2. Level 0.618 – The “Golden”
This is the most important level.
Known as the golden ratio, it is often where the price rebounds most strongly.
Many traders buy at this point if they see confluence with other signals.
🔸 3. Level 0.5 – The psychological
Although it is not a “real Fibonacci number,” it is key.
It represents half of the movement and often acts as strong support or resistance.
Ideal for partial purchases or profit-taking.
🔸 4. Level 0.382 – Early confirmation
If the price rebounds here, it can be a signal of a strong trend.
In an uptrend, many use it as a quick entry.
In a downtrend, as the first serious resistance.
🔸 5. Where do I place the order?
✅ If you are waiting for a drop to enter: place your order between 0.5 and 0.618
✅ If you are already in: plan to sell near 0.382 or 0.236
And always observe the volume and price action.
🔸 6. Pro tip:
Combine Fibonacci levels with horizontal supports/resistances or moving averages.
When several factors coincide at a level, the chances of it working increase.
🔸 7. Visual summary (recommended image):
📊 Show a chart with the levels marked and examples of entries/exits.
🔚 This concludes the thread
Do you use Fibonacci in your analysis?
Comment your experience or question
If you liked this thread, give it a RT and follow me for more content
#Fibonacci #BinanceSpanish #Cryptocurrencies #FinancialEducation #CriptoPrincipiante
Many draw retracements, but don’t know at what level to take action. Today I will explain the most important Fibonacci levels and how to make the most of them.
Let’s go!
#Binance #CryptoForBeginners #EasyTrading
🔸 1. What are Fibonacci levels?
When you draw the retracement, several horizontal lines (levels) appear.
The most common:
• 0.236
• 0.382
• 0.5
• 0.618
• 0.786
Each one acts as a possible support or resistance.
🔸 2. Level 0.618 – The “Golden”
This is the most important level.
Known as the golden ratio, it is often where the price rebounds most strongly.
Many traders buy at this point if they see confluence with other signals.
🔸 3. Level 0.5 – The psychological
Although it is not a “real Fibonacci number,” it is key.
It represents half of the movement and often acts as strong support or resistance.
Ideal for partial purchases or profit-taking.
🔸 4. Level 0.382 – Early confirmation
If the price rebounds here, it can be a signal of a strong trend.
In an uptrend, many use it as a quick entry.
In a downtrend, as the first serious resistance.
🔸 5. Where do I place the order?
✅ If you are waiting for a drop to enter: place your order between 0.5 and 0.618
✅ If you are already in: plan to sell near 0.382 or 0.236
And always observe the volume and price action.
🔸 6. Pro tip:
Combine Fibonacci levels with horizontal supports/resistances or moving averages.
When several factors coincide at a level, the chances of it working increase.
🔸 7. Visual summary (recommended image):
📊 Show a chart with the levels marked and examples of entries/exits.
🔚 This concludes the thread
Do you use Fibonacci in your analysis?
Comment your experience or question
If you liked this thread, give it a RT and follow me for more content
#Fibonacci #BinanceSpanish #Cryptocurrencies #FinancialEducation #CriptoPrincipiante
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What is Spot on Binance and why is it the first step to start in crypto?
When I started getting into crypto, one of the first words I saw everywhere was Spot. At first, I didn’t really understand what it was, but after researching and using it a bit, it became clear to me that Spot is the starting point for most.
🔍 What is the Spot market?
It is the place where you buy and sell cryptocurrencies at the current market price.
When you make a purchase in Spot, the crypto becomes yours. You can keep it, sell it later, or transfer it to an external wallet.
🔍 What is the Spot market?
It is the place where you buy and sell cryptocurrencies at the current market price.
When you make a purchase in Spot, the crypto becomes yours. You can keep it, sell it later, or transfer it to an external wallet.
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Should I sell when it rises or keep holding? What I'm learning in crypto
One of the most common questions when you're starting in crypto (and which haunts me all the time) is:
👉 Should I sell when the price goes up or is it better to keep holding?
At first, I thought the best thing was to always hold. But with time and what I've learned, I see that there is no single correct answer. It all depends on each person's goal, the market moment... and how much anxiety you can handle. 😅
🔍 What have I learned so far?
If you sell everything at once as soon as it rises a bit, you might miss out on a much bigger increase.
👉 Should I sell when the price goes up or is it better to keep holding?
At first, I thought the best thing was to always hold. But with time and what I've learned, I see that there is no single correct answer. It all depends on each person's goal, the market moment... and how much anxiety you can handle. 😅
🔍 What have I learned so far?
If you sell everything at once as soon as it rises a bit, you might miss out on a much bigger increase.
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It's worth starting with little
When I started in the crypto world, one of the doubts I had the most was whether it was really worth starting with little.
I heard people talking about investing thousands of dollars, or showing huge profits, and I could barely put in a few USDT.
But I decided to start anyway. Today, after trying Binance, reading, and gradually getting involved, I realize that it is worth it... and a lot.
💡 This is what I discovered:
You can learn by investing little.
I bought small amounts of $BTC, $ETH, $SOL, and I began to understand how prices move, how Spot works, and what a wallet is. Without risking more than I could afford to lose.
I heard people talking about investing thousands of dollars, or showing huge profits, and I could barely put in a few USDT.
But I decided to start anyway. Today, after trying Binance, reading, and gradually getting involved, I realize that it is worth it... and a lot.
💡 This is what I discovered:
You can learn by investing little.
I bought small amounts of $BTC, $ETH, $SOL, and I began to understand how prices move, how Spot works, and what a wallet is. Without risking more than I could afford to lose.
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What is Copy Trading and how does it work for those of us who are just starting?
When one is just starting in crypto, it can be overwhelming to try to understand everything: prices, technical analysis, market movements...
One of the tools I learned about recently is Copy Trading, and I found it very interesting for those of us who are learning.
🔍 What is Copy Trading?
Copy Trading is a feature that allows you to automatically copy the trades of a more experienced trader.
You choose a trader that you like (for their style, their history, etc.) and every time they buy or sell, your account does the same.
One of the tools I learned about recently is Copy Trading, and I found it very interesting for those of us who are learning.
🔍 What is Copy Trading?
Copy Trading is a feature that allows you to automatically copy the trades of a more experienced trader.
You choose a trader that you like (for their style, their history, etc.) and every time they buy or sell, your account does the same.
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Today I was reading about the concept of 'pullback' in the crypto market.
Basically, it's when the price pulls back a bit after a rise, but without changing the main trend.
I used to think that every drop was the end of the world 😅, but now I see that sometimes it's just a normal pause to keep rising.
Learning to have patience also during pullbacks. 🚀
How do you handle those moments of decline?
#AprendiendoJuntos #Pullback #CriptoPrincipiante #marketpullback
Basically, it's when the price pulls back a bit after a rise, but without changing the main trend.
I used to think that every drop was the end of the world 😅, but now I see that sometimes it's just a normal pause to keep rising.
Learning to have patience also during pullbacks. 🚀
How do you handle those moments of decline?
#AprendiendoJuntos #Pullback #CriptoPrincipiante #marketpullback
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What is a Pullback in the crypto market? (And why you shouldn't always panic)
Since I started in crypto, something that caught my attention was how people reacted when the price dropped a little.
I would see a small drop in $BTC or $ETH and immediately the panic messages would start. I also, at first, thought that every drop was the beginning of the end. 😅
But by reading and learning a little more, I understood that not all drops are bad.
👉 There is something called pullback, and now I see it as a natural part of the market.
🔍 What is a pullback?
A pullback is a small retracement in price after a rise.
I would see a small drop in $BTC or $ETH and immediately the panic messages would start. I also, at first, thought that every drop was the beginning of the end. 😅
But by reading and learning a little more, I understood that not all drops are bad.
👉 There is something called pullback, and now I see it as a natural part of the market.
🔍 What is a pullback?
A pullback is a small retracement in price after a rise.
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How I'm building my crypto portfolio as a beginner
When you first start in crypto, it's easy to feel overwhelmed by the number of coins, projects, and opinions.
I started with a few USDT and many doubts. But over time and with a lot of reading (besides several mistakes), I began to understand something key: you don't need to have much to start building a portfolio. The important thing is to do it thoughtfully.
💡 What am I doing?
First, I diversified a bit.
I started by buying small amounts of well-known coins like $BTC , $ETH , SOL, and $XRP. I didn't go crazy with rare projects; I just wanted to have a stable base and learn how each one behaves.
I started with a few USDT and many doubts. But over time and with a lot of reading (besides several mistakes), I began to understand something key: you don't need to have much to start building a portfolio. The important thing is to do it thoughtfully.
💡 What am I doing?
First, I diversified a bit.
I started by buying small amounts of well-known coins like $BTC , $ETH , SOL, and $XRP. I didn't go crazy with rare projects; I just wanted to have a stable base and learn how each one behaves.
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With my first purchase and sale of ADA, I learned something valuable: it's not always about the amount, but about starting, observing, and learning.
#ADA #CriptoPrincipiante #Binance #Aprendiendo
#ADA #CriptoPrincipiante #Binance #Aprendiendo
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