🪤 What is a Bear Trap? And how could it be happening now with $BOB
Currently, $BOB is trading with a net gain of +15% in the last 24 hours, after rising +25% and correcting -10%. This type of movement is typical of a possible bear trap.
🔍 What is a bear trap?
It is when the price drops suddenly and deceptively, making traders believe that a significant decline is coming. Many sell out of fear, but the price quickly recovers, leaving those sellers out of the market just before a new rise begins.
With the -10% pullback, several thought that $BOB had ended its rally. However, the recovery to +15% shows that the bulls still have control. Those who sold are now trapped outside and feel FOMO as they see the price continuing to rise without them.
📈 If this is a true bear trap, what comes next could be a stronger bullish impulse.
👀 Many are already re-entering before it’s too late!