Market Cap: $3,444,769,621,016
24h Vol: $223,774,168,264
Cryptocurrencies: 27825
Markets: 115998
Cryptocurrencies: 27825
Markets: 115998
Market Cap: $3,444,769,621,016     
24h Vol: $223,774,168,264
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 .
esptco-banner img
Latest News

Videos

  • DCA: Dollar Cost Averaging in Crypto

  • Dogecoin: What is Dogecoin? EXPLAINED!

  • CEX vs DEX: Which Type of Crypto Exchange Is Better?

  • What is an ICO, IEO, STO, IDO? Which one is the Best?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire