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Support Level – Find the price level where the asset consistently stops falling and bounces back up. This is the support level. Resistance Level – Identify the price level where the asset repeatedly stops rising and reverses downward. This is the resistance level.#widabuja

Instead, a better option would be to use a crypto analytics platform like Nansen and look for whales with an extensive history of making profitable trades. These investments typically tend to be in more smaller projects or tokens that have yet to gain traction. #widabuja

So, by simultaneously selling the stock on one exchange and buying it on the other, a trader can take advantage of the price discrepancy for immediate profit. Thanks for your time😊#widabuja30daychallenge.

for example, arbitrage can occur when a stock is listed on exchanges in two different countries. Because of discrepancies between the foreign exchange rates in each country, the price of the share can differ between the two exchanges.

Arbitrage trading is the practice of simultaneously buying and selling an asset to take advantage of a difference in price. The asset will usually be sold in a different market, different form or with a different financial product, depending on how the discrepancy in the price.

Degen trading is also deals with short term like day trading while traditional is long term like swing trading. I will be giving a highlight on arbitrage trading . # widabuja30daychallenge

Coming to the key difference between degen and traditional trading is that degen is mainly deals with high risk and high reward strategies while traditional involves more calculated decisions based on research and analysis.#widabuja30daychallenge