🧠 Important Terms in the World of Trading on Binance:
🔸 1. Breakout 🚀:
When the price breaks through a strong resistance or support level, it is said to have "broken out."
🔹 Example: If the price of Bitcoin is stuck at $30,000 and then exceeds it to $31,500, it is said to have "broken the resistance."
🔸 2. The Explosion (Pump) 💥:
When the price of the currency suddenly rises significantly in a short time.
🔹 Often due to a large amount of buying entering.
When the price breaks through a strong resistance or support level, it is said to have "broken out."
🔹 Example: If the price of Bitcoin is stuck at $30,000 and then exceeds it to $31,500, it is said to have "broken the resistance."
🔸 2. The Explosion (Pump) 💥:
When the price of the currency suddenly rises significantly in a short time.
🔹 Often due to a large amount of buying entering.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BANANAS31
0.00694
-3.90%
BOB
Alpha
0.000000061647
+3.76%
PEPE
0.00001048
+0.86%
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