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I personally dont like using transitions, maybe a fade to black or an occasional film burn but i really like clean looking edits that transition based on the music/ beat
it's not a preset effect, but rather a video of a film burn you overlay into your timeline and work with the opacity or whatever the hell you want to do to use the film burn
cleanly cut edits are the best, the only transitions I typically use are film burns, cross dissolves, wipes and fade to blacks. Unless you're trying to make a b&e show type edit, then just use whatever fits.