For those who don't know what some terms used here mean... I'll show you...
So go ahead and give it a š, and let's go!
Hereās a clear and direct summary of some key terms from the Crypto world:
1šDay Trade
Buying and selling on the same day to profit from quick fluctuations.
2šSwing Trade
Buying and selling over days or weeks, taking advantage of larger price swings.
3šHold (or HODL)
Holding the coin for months or years, betting on long-term appreciation.
4šPump
Sudden and often artificial rise of a crypto (quick spike).
5šDump
Sharp price drop right after a pump ā often manipulated.
6šWhale
Investor with a lot of capital, capable of moving the market with large orders.
7šBull Market
Market in an upward trend (optimism).
8šBear Market
Market in a downward trend (pessimism).
9šRSI (Relative Strength Index)
Indicator that shows if the crypto is overbought (may drop) or oversold (may rise).
10šSupport and Resistance
⢠Support: area where the price tends to stop falling.
⢠Resistance: area where the price tends to stop rising.
If we get a lot of likes and good acceptance on the topic, we will bring more terms used with a basic and direct summary explanation.
Success to all...