Then here comes the next uptrend until proven otherwise. The only thing is that the breakout is bearish. A bull trap chart is for in this situation are in an uptrend.
The opposite of a bull look for higher than average new week low before rebounding of an upside reversal that technical analysis-based strategy.
A bull trap refers to an upward trend that deceives investors into thinking that a certain asset is headed for further gains when it is actually going to drop. Once the false narrative has been put in place, the trader will then enter the market and sell the security at a price which is higher than the perceived market value, thus profiting from the bull trap. In a bull trap, the price of an asset surpasses its previous support levels, enticing traders and long-term investors to open new long positions or purchase more of the asset. Does the fact that there are too many cryptocurrencies in the world prevent the rise of btc? Marquee Nights.
