🚀 Understanding "Bull Trap" in the crypto market:

- What is a bull trap? Don't be fooled by false signals that make you think the market is rising. Be careful with your emotions when investing! 😅

- Why does it happen? Misleading news, rug pulls, and FOMO are the main causes. Always stay updated to avoid risks.

- Signs to recognize: Sudden price increases, continuous sell-offs, inconsistent trading volume, not surpassing resistance levels.

- Trading strategy: Be patient, set stop-loss orders to minimize losses.

- Recovering after a bull trap: Assess the damage, adjust your strategy, maintain a strong mindset.

👉 Have you ever encountered a bull trap? Share your experience in the comments!