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🧠 Important Terms in the World of Trading on Binance:
🔸 1. Breakout 🚀:
When the price exceeds 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 a currency rises suddenly and significantly in a short time.
🔹 Often due to a large amount of buying entering.
When the price exceeds 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 a currency rises suddenly and significantly in a short time.
🔹 Often due to a large amount of buying entering.
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