đ¨ ALERT đ¨
Beware of the bear trap! A bear trap is a misleading technical indicator that suggests a market shift from rising to falling. Traders, thinking the market is turning bearish, might sell their assets or open short positions expecting prices to drop. However, if prices rise instead, these traders can be caught off guard and incur losses as they scramble to close their short positions at higher prices. To avoid bear traps, it's crucial for traders to rely on comprehensive analysis and not just initial signals, ensuring a more solid trading strategy.
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