Post
Topic
Board Altcoin Discussion
Re: Could this be a trap?
by
asrinur
on 25/06/2023, 11:01:23 UTC
In my opinion, a market turning green and Ethereum back above $1.9k indicates that there is sufficient buying power. This can be a positive sign that there is strong interest from investors. It is only natural to have concerns about bear traps. A bear trap occurs when the price of an asset rises sharply for a while, leading many to think that the uptrend will continue, but then the price falls suddenly, leaving them with losses. To avoid bear traps, it is important to conduct careful analysis and use a data-driven approach.