At this point, there are two possible scenarios:
1. This might be a bull trap — the market could be intentionally pushing up to attract long positions before dropping again.
2. Or, the market could be recovering from the impact of recent geopolitical events like war.
Right now, the first scenario seems more likely. The market direction is unclear, and during such phases, fake movements are often created to trap traders and cause confusion.
In these uncertain conditions, it’s smart to use small position sizes and trade cautiously. As I’ve said earlier, this is a good time for gradual buying on spot rather than going all in.
Stay sharp — don’t fall for
the traps!
