🧵 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!

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🔸 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

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