*5 Crypto Terms Every Beginner Should Know (Made Simple)*
Starting out in crypto? Don’t worry, you’re not the only one feeling overwhelmed. The good news? Learning just a few key terms can save you from major rookie errors. Let’s break them down:
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1. FOMO – Fear of Missing Out
You see a coin skyrocketing and feel the urge to jump in before it’s “too late.”
What usually happens? You buy at the peak... and watch it crash.
✅ Quick Tip: Don’t chase green candles. Ask yourself, “Would I still want this if it dropped 10% tomorrow?”
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2. Support & Resistance – The Market’s Hidden Boundaries
Support = a price zone where buyers step in.
Resistance = a level where sellers push back.
✅ Quick Tip: Avoid the middle zone. Look for entries near support or breakouts above resistance with strong volume.
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3. DCA – Dollar Cost Averaging
Instead of investing ₹10,000 in one shot, DCA means spreading it out—like ₹2,000 every week.
✅ Why it helps: It smooths out price fluctuations and reduces the chance of buying the top.
Example: Buy at ₹100, ₹80, and ₹60 — your average cost gets better over time.
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4. Bull Trap – The Breakout That Isn’t
Looks bullish, feels bullish, then suddenly dumps. A bull trap tricks traders into buying too early.
✅ Quick Tip: Only trust breakouts that are backed by strong volume. No volume = likely fake.
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5. Stop-Loss – Your Trade’s Safety Switch
A stop-loss automatically sells your position if the price drops too much.
✅ Why it matters:
It limits your losses
It keeps emotions out
It helps you stay in the game longer
Learning the basics is the first step to becoming a smart crypto trader.
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