๐ Bitcoin Trap & Drop!!
"Fake breakout" followed by a strong sell-off:
๐ฆ Sideways Range (April 22โMay 1): Bitcoin moved sideways, building up energy. Traders were unsure of the next move.
๐ Fake Breakout (May 1): Price spiked above the range โ likely triggering buy orders and stop-losses of short sellers. This move looked bullish... but it was a trap.
๐ Massive Dump (May 2โ8): After luring in buyers, price reversed hard and began a sharp downtrend. This is a bull trap turning into a liquidity grab, followed by a big dump โ classic manipulation behavior in crypto.
Follow@Fekku Crypto for real time market insight and accurate alts coins signal set up.
Stay sharp!
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