📉 Fibonacci: My secret tip for better entries in trading!

"In the past, I bought blindly – today I wait for the right moment."

What helps me? The Fibonacci retracement lines on Binance. They show me where the market pauses
 or reverses. 🔄

📐 What is the Fibonacci tool?

A technical analysis tool based on the famous Fibonacci sequence.

Traders use it to identify potential support and resistance areas.

📊 The key levels:

- 23.6 % – slight correction

- 38.2 % – first strong reaction

- 50 % – psychologically important

- 61.8 % – "golden" reversal zone

- 78.6 % – deep correction, last chance?

đŸ“Č How I use it on Binance:

1. Open the chart view with "TradingView"

2. Select the Fibonacci tool 🧰

3. Draw from the low to the high (in an uptrend) or vice versa

4. Watch how the price reacts at the lines!

💡 My personal tip:

I combine Fibonacci with RSI or MACD – this way I can accurately identify overbought/oversold conditions at key zones.

And: I set my stop-loss just below the 61.8 % level. This has saved me from losses many times!

❓ How do you use Fibonacci in trading? Or do you rely on other tools?

👇 Comment your strategy!

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