🔹 Thread 23 – How to use Fibonacci retracements to buy and sell better on Binance 💹

Tweet 1 (introduction)

🔹 Thread 23 – How to use Fibonacci retracements to buy and sell better on Binance

You already know how to trace the retracements (thread 22).

Today you will learn how to use them to detect precise entries and exits.

Everything explained easily 👇

#Crypto #Binance #Trading #Fibonacci

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Tweet 2

First the basics:

Fibonacci retracements help you detect key areas where the price may bounce.

The most used:

✅ 0.382

✅ 0.5

✅ 0.618

These are areas where traders wait to enter the market.

#CryptoTrading #TradingStrategy #FibonacciRetracement

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Tweet 3

📈 How to use it to enter?

Example:

– The price rises strongly

– Pulls back a bit

– You trace the retracement from the low to the high

When the price falls towards 0.5 or 0.618, many enter expecting it to rise again.

🎯 These are buying zones.

#Entries #TradingTips #CryptoAnalysis

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Tweet 4

📉 And to sell?

– If you are in a bearish movement

– Trace the retracement from the high to the low

– The zones 0.382 and 0.5 serve as resistances where it may bounce downwards

🎯 They are useful for shorting or exiting with profit.

#Exits #ShortTrading #CryptoTrader

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Tweet 5

⚠️ Key advice:

Retracements do not work alone.

👉 Combine them with:

– Supports and resistances

– Reversal candles

– Volume

This increases your odds and avoids false entries.

#TradingPsychology #CryptoEducation #RiskManagement

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Tweet 6 (visual real example)

Show a real chart on Binance (BTC or ETH) where an entry at 0.618 and bounce is visible.

Caption:

“In this BTC example, the price retraced to 0.618 and then bounced strongly. Ideal entry.”

#BinanceTrading #BTC #Ethereum #CryptoCharts

Tweet 7 (closing)

✅ Summary:

– Use retracements to look for entry/exit zones

– The most important: 0.5 and 0.618

– Combine it with other tools for more precision

#Trading #CryptoCommunity #LearnTrading