Be careful ❗️
A whale trap typically refers to a strategy where large investors (whales) manipulate the market by creating the illusion of a buying or selling frenzy, encouraging smaller investors to follow suit. Once the smaller investors are committed, the whale then takes the opposite action, potentially causing significant losses for the smaller investors.
It's essential to stay vigilant and not make impulsive decisions based on sudden market movements that seem suspicious. Always conduct thorough research and consider market conditions before making any trading decisions.