🍀🍀🍀 You don't know what many things mean, do you?
So come here, I'm going to teach you, and leave your 👍 like so you don't forget.
🚨🚨Hello lucky ones! Here is a clear and direct summary of the main terms in the crypto world:
1🍀Day Trade
Buying and selling on the same day to make profits from quick variations.
2🍀Swing Trade
Buying and selling over days or weeks, taking advantage of larger price swings.
3🍀Hold (or HODL)
Holding the coin for months or years, betting on long-term appreciation.
4🍀Pump
Sudden and often artificial increase of a crypto (rapid rise).
5🍀Dump
Sharp drop in price right after a pump — often manipulated.
6🍀Whale
Investor with large capital, capable of moving the market with large orders.
7🍀Bull Market
Market in an upward trend (optimism).
8🍀Bear Market
Market in a downward trend (pessimism).
9🍀RSI (Relative Strength Index)
Indicator that shows if the crypto is overbought (may fall) or oversold (may rise).
10🍀Support and Resistance
• Support: region where the price usually stops falling.
• Resistance: region where the price usually stops rising.