🧵 Thread 25 – How to combine Fibonacci with support and resistance to improve your entries on Binance 📉📈

You already know how to draw Fibonacci retracements…

But how do you use them with support/resistance zones to trade with more precision?

Here I explain it step by step 🧠👇

1️⃣ Identify the Fibonacci retracement

Draw from the last strong movement (from low to high if it went up, or from high to low if it went down).

2️⃣ Observe the key levels:

🔹 0.382

🔹 0.5

🔹 0.618

🔹 0.786

These are areas where there may be bounces or reversals.

3️⃣ Now add the support or resistance zones

Mark on the chart the horizontal levels where the price has reacted several times (clear touches in the past).

4️⃣ More precise entry = when a Fibonacci level coincides with an important support or resistance.

Example: if 0.618 coincides with a previous support → powerful area to buy!

5️⃣ Clearer Stop Loss

If you buy in that area and the price drops strongly from the support, you already know that your entry failed and you can cut losses.

6️⃣ Take Profit with Fibonacci levels + resistances

Look for your first target to be before the next strong level or resistance.

✅ This way you improve entries and exits.

📊 It is a precision strategy, not just intuition.

Would you like me to teach you how to combine this with volume or candlestick patterns in the next thread?

💬 Let me know and save this thread if it helped you.

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