Greeting from IRAN to whole trading community
What Is a Bull Trap?
A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions.
Whales has started a massive DUMP on Bitcoin on 7th Sep 2021 19:10 !!!
They dropped the price about 7.000$ and had reached to 42.000 in less than half an hour
When price had dropped massively , many traders come to open their 'Short Position"
And that's the best SPOT for Whales to do their "BULLISH TRAP"
Right after that massive full body Bearish candle closed (5m TimeFrame) , They start to buy all the orders and PUMP the price about 6.000$ or 15% in only 5 minutes!!!!!
THAT'S WHERE THEY CAN LIQUID TRADERS ABOUT 2.700.000.000$ IN LESS THAN AN HOUR!!!
So notify that "Cryptocurrencies" is a market that whales can affect it easily , Future trading is high risk so manage your levrage and money in order to avoid such these attacks
Wish you best of LUCK ☘☘
What Is a Bull Trap?
A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions.
Whales has started a massive DUMP on Bitcoin on 7th Sep 2021 19:10 !!!
They dropped the price about 7.000$ and had reached to 42.000 in less than half an hour
When price had dropped massively , many traders come to open their 'Short Position"
And that's the best SPOT for Whales to do their "BULLISH TRAP"
Right after that massive full body Bearish candle closed (5m TimeFrame) , They start to buy all the orders and PUMP the price about 6.000$ or 15% in only 5 minutes!!!!!
THAT'S WHERE THEY CAN LIQUID TRADERS ABOUT 2.700.000.000$ IN LESS THAN AN HOUR!!!
So notify that "Cryptocurrencies" is a market that whales can affect it easily , Future trading is high risk so manage your levrage and money in order to avoid such these attacks
Wish you best of LUCK ☘☘