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How can you identify Bull Trap in Crypto?

 

Key takeaways A bulltrap is when an asset’s price falls and then experiences a short rise in value. Bullish traders may fall prey to this short-term spike in price and suffer losses if the downtrend continues. Low trade volume and high RSI both are signs of a possible bulltrap.
What is Bull Trap in Crypto? How do you identify it? CoinGape was first to publish this article.

 

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