🍀🍀🍀 You don't know what a lot of things mean, right?
So come here, I'll teach you, and don't forget to give a 👍 like so you won't forget.
🚨🚨Hi lucky ones! Here's a clear and direct summary of the main terms in the crypto world:
1🍀Day Trade
Buying and selling on the same day to profit from quick fluctuations.
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 price drop right after a pump — often manipulated.
6🍀Whale
Investor with a lot of 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: area where the price tends to stop falling.
• Resistance: area where the price tends to stop rising.