**Crypto Alert: Understanding Bull Traps**

In the fast-paced world of cryptocurrency, bull traps are deceptive signals that can lead investors astray. These traps occur when traders believe the market is on an upward trend, only for it to reverse suddenly. This psychological pitfall often results from fear of missing out (FOMO) and can lead to significant financial losses.

Key indicators of a bull trap include sudden price surges without news justification, unmatched trading volumes, and failure to break resistance levels. To avoid falling victim, stay informed, set stop-loss orders, and maintain emotional discipline. Remember, thorough research is crucial for wise investing.