Attention, crypto enthusiasts! 🚀 Today we're talking about bull traps, a common phenomenon in the cryptocurrency world. These traps trick investors into believing that the market is on the rise, when in fact it's about to fall.
- How to identify them? Watch for sudden price spikes for no apparent reason and massive sell-offs.
- Strategies: Stay calm, set stop-loss orders, and educate your investing intuition.
What do you think? Have you fallen into a bull trap? Share in the comments!