**🚨 Beware of Market Traps: The Fake Pump Strategy 🚨**
The crypto market is full of opportunities, but also hidden traps designed to lure unsuspecting traders. One common tactic is the **fake pump**—a sudden price surge that tricks traders into FOMO buying, only to reverse sharply and leave them holding bags.
**How the Trap Works:**
1. **Artificial Spike**: Whales or large players push the price up quickly, creating the illusion of strong bullish momentum.
2. **Retail FOMO**: Traders see the green candles and jump in, fearing they’ll miss out on gains.
3. **Liquidity Grab**: Once enough buyers are trapped, the price reverses, stops are hit, and the market dumps.
**How to Avoid It:**
✅ **Check Volume**: A real breakout usually has high volume. Low volume pumps are often fake.
✅ **Wait for Confirmation**: Don’t chase. Let the price retest and confirm support before entering.
✅ **Use Indicators**: RSI, MACD, and Bollinger Bands can help spot overbought conditions.
**Current BTC/USDT Snapshot:**
- Price: **$103,695.66** (+0.54%)
- 24h Range: **$102,900 - $105,980**
- Key Levels:
- Resistance: **$105,980** (24h High)
- Support: **$102,900** (24h Low)
Stay sharp, trade smart, and don’t fall for the fake pumps!
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