It is one of the stealthiest movements in the market.
👉 The price suddenly drops, making everyone think that a larger decline is imminent. Panic sets in, people sell... and then? Boom! 💥 The price reverses and goes back up, trapping all the sellers.
Bear traps often occur in strong bullish trends, shaking out weak hands before the next bullish leg.
Morale: don't let emotions take control of you. Always confirm the signals before acting.
Have you ever been caught in a bear trap? 👀
