How to avoid Bull 🐂♉ trapping simple rules according to my research from the last 10 years in crypto market ! (please please like my post for posting more )
I had always struggled to carry my long trades even on clear upside trend days. This is due to the painful impact of past ‘bull traps’.$SYN
But it is always better to know when these bull traps can occur. We can benefit more from these ‘bull traps.’
I am giving away significant clues to identifying these bull traps. Any active integrity trader can quickly identify these characteristics:$BNB
Usually, these traps occur near significant resistance levels on daily charts.
In some cases, these traps occur near round numbers. For example, Nifty at 9000 or 10000, etc.
Open action look very bullish (like open-low or sudden surge etc.)
The entire trading community will have a bullish view on that day.
The price loses its heat or momentum when it reaches the major resistance levels or round numbers. In this process, it forms small candles. Please note any small candles above a significant resistance zone is not a good sign for bulls.
I hope this explanation makes sense!
I had always struggled to carry my long trades even on clear upside trend days. This is due to the painful impact of past ‘bull traps’.$SYN
But it is always better to know when these bull traps can occur. We can benefit more from these ‘bull traps.’
I am giving away significant clues to identifying these bull traps. Any active integrity trader can quickly identify these characteristics:$BNB
Usually, these traps occur near significant resistance levels on daily charts.
In some cases, these traps occur near round numbers. For example, Nifty at 9000 or 10000, etc.
Open action look very bullish (like open-low or sudden surge etc.)
The entire trading community will have a bullish view on that day.
The price loses its heat or momentum when it reaches the major resistance levels or round numbers. In this process, it forms small candles. Please note any small candles above a significant resistance zone is not a good sign for bulls.
I hope this explanation makes sense!