pumped after clearing the lower side liquidity and is now trading above $USDT 100K.
At this point, there are two possible scenarios:
First:
This could be a classic bull trap — the market pushing up just to lure in long positions, only to reverse and head further down after a minor pump.
Secondly:
It might actually be a recovery from the recent impact of war-related uncertainty. But between the two, the chances of the first scenario playing out are higher.
Right now, the market direction is unclear. Expect some fake moves designed to trap both long and short traders. A major news event — good or bad — could soon set the real direction.
In these situations, use small position sizes and manage your risk properly. As I’ve mentioned before, this is a good time to do some spot buying, but be cautious.
Don’t fall for the traps