Cryptocurrency News

What is a bull trap, and how to identify it?

2022.07.05 04:46

What is a bull trap, and how to identify it?
What is a bull trap, and how to identify it?

RSI divergence

A high RSI might be an indication of a potential bull or bear trap.

Lack of increase in volume

Absence of momentum

Lack of trend break

Re-testing of resistance level

Suspiciously huge bullish candlestick

Formation of a range

What does a bull trap mean in the crypto market?

Role of psychology in bull traps

What are bull traps used for?

Source

Related Articles

Leave a Reply

Back to top button