#CryptoCharts101 A false hope for bullish investors? A directionless market trap
Beyond the purely technical signal, the current context deepens the uncertainty surrounding this 'Death Cross.' It is not a sudden collapse, but a continuation of a decline that began several weeks ago.
Apparently, recovery attempts are fading quickly in an environment characterized by low volatility and a lack of clear momentum. This creates a specific risk: some traders may enter long positions too early. The risk for short-term traders is the belief that the worst period has quickly ended.
Moving averages continue to decline, and as long as the price of XRP does not exceed $2.27 with significant trading volume, the likelihood of a trend reversal towards bullish remains slim. This lack of certainty in current movements may indicate a classic trap in the cryptocurrency market, where bullish investors fall into a false start trap.
