Bitcoin (BTC) $79,265.96 -1.50%
Ethereum (ETH) $2,254.05 -2.01%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 90.689253 -3.85%
Cardano (ADA) $0.26 -2.44%
Chainlink (LINK) $10.24 -2.32%
Litecoin (LTC) $56.95 -2.04%
Dash (DASH) $43.97 -2.76%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.889651 -2.35%
X-Cash (XCASH) 7.0E-6 -2.38%
Dogecoin (DOGE) $0.00 -7.24%

Cryptocurrencies: 28941

Markets: 114106

Market Cap: $2,644,015,867,932

24h Vol: $93,404,302,333

CoinGape

2022-12-29 07:22:55

What is Bull Trap in Crypto, and how do you identify it?

What is Bull Trap in Crypto, and how do you identify it?

Key takeaways A bull trap occurs when an asset price goes downward and experiences a brief hike in value Bullish traders can fall prey by this short term spike in price and experience losses when the downtrend continues further Low trade volume and high RSI are two major signs of a possible bull trap Introduction The post What is Bull Trap in Crypto, and how do you identify it? appeared first on CoinGape .

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