Bitcoin (BTC) $79,563.47 -2.05%
Ethereum (ETH) $2,256.01 -2.75%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 90.787094 -5.14%
Cardano (ADA) $0.26 -4.64%
Chainlink (LINK) $10.21 -4.59%
Litecoin (LTC) $56.94 -3.30%
Dash (DASH) $44.12 -4.46%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.892223 -4.14%
X-Cash (XCASH) 7.0E-6 -2.38%
Dogecoin (DOGE) $0.00 -9.38%

Cryptocurrencies: 28941

Markets: 114086

Market Cap: $2,651,736,594,860

24h Vol: $94,645,895,450

CoinGape

2022-12-29 15:10:51

What is a Bear Trap in Crypto, and How Does it Work? – Beginners Guide

What is a Bear Trap in Crypto, and How Does it Work? – Beginners Guide

Key takeaways: A bear trap refers to a false technical indication of a reversal from an uptrending market to a down-trending market. Bear traps occur in all asset markets including currencies and cryptocurrencies. Bear traps can manifest as a form of downside market correction within an overall bullish move higher. While it’s a difficult proposition The post What is a Bear Trap in Crypto, and How Does it Work? – Beginners Guide appeared first on CoinGape .

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