Hey there, crypto newbies! It's your buddy, TheCoinGuy, here to break down all those fancy terms floating around the crypto sphere. Strap in, 'cause we're diving deep into the jargon jungle!
1. OB (Order Block): Think of an OB as a price level where significant buying or selling activity occurred. It's like a key zone on the chart where traders pay close attention.
2. CHOCH (Change of Character): This is when the market shifts its behavior, signaling a potential change in trend. It's like the plot twist in a thriller movie—keep your eyes peeled!
3. FVG (Fair Value Gap): Picture this as a gap on the chart where the current price doesn't match the fair value. It's like finding a bargain at the store—buy low, sell high!
4. Dump: Ah, the dreaded dump! This is when the price takes a nosedive, usually after a period of hype or excitement. It's like a rollercoaster drop, but in the crypto world.
5. Liquidity: Liquidity is like the lifeblood of the market—it's the ease with which an asset can be bought or sold without impacting its price too much. High liquidity means smooth sailing for traders!
6. Resistance: Resistance is like a ceiling that the price struggles to break through. It's where sellers outnumber buyers, putting a lid on upward price movement.
7. Support: On the flip side, support is like a floor that prevents the price from falling further. It's where buyers step in to scoop up bargains, keeping the price from dropping like a rock.
Phew, that was quite the crypto crash course, huh? Remember, understanding these terms is like having a secret decoder ring—it unlocks a whole new world of crypto knowledge!
Stay tuned for more crypto wisdom, and until next time, happy hodling!
#Crypto101 #HodlStrong 💪🚀 $BTC $ETH $SOL #Write2Earn #Sei #BTC 