🔹 Thread 21 – What is Fibonacci and how to use it to improve your trades on Binance?

Have you heard about Fibonacci retracements but don’t know how to use them?

Today I’ll explain it step by step 👇

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1️⃣

Yesterday we saw what a retracement is.

Today we cover a tool to detect entry zones:

👉 Fibonacci

Widely used by traders around the world.

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2️⃣

Fibonacci is a mathematical sequence.

In trading, we use these levels:

🔹 23.6%

🔹 38.2%

🔹 50%

🔹 61.8%

🔹 78.6%

They help to anticipate retracements.

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When the price rises and then falls, these levels mark areas where it may bounce and continue the trend.

📉⬅️📈

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Example:

BTC rises from $25,000 to $30,000

If it retraces, check these levels:

🔹 0.382 → $28,090

🔹 0.5 → $27,500

🔹 0.618 → $26,910

Key areas for entries.

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5️⃣

📍 How to use it on Binance?

🔸 Open a chart

🔸 Choose “Fibonacci Retracement”

🔸 Mark from the low to the high of the movement

And that’s it!

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6️⃣

💡 Tip:

Fibonacci works best if you combine it with:

✅ Supports

✅ Volume

✅ Key candles

✅ Clear trend

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7️⃣

🎯 Basic strategy:

🔹 Enter near 0.5 or 0.618

🔹 Stop-loss just below

🔹 TP if it follows the trend

Always with risk management!

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8️⃣

You can also use extensions to set targets:

🔸 1.618

🔸 2.0

Very useful in scalping and swing.

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9️⃣

📌 Final tip:

Don’t rely only on Fibonacci.

Use it along with market structure.

More signals = better entries.

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🔟

Do you want me to show it with a real chart step by step?

Or shall we combine it with volume in the next thread?

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