Aryan RawatNov 27, 2021 · 3 years ago7 answersWhat strategies can I use to identify and navigate bear traps and bull traps in the cryptocurrency market?
In the volatile cryptocurrency market, it's crucial to be able to identify and navigate bear traps and bull traps. What are some effective strategies that can help me achieve this? I want to avoid falling into bear traps, where the market appears to be recovering but then suddenly drops, as well as bull traps, where the market seems to be on an upward trend but then reverses unexpectedly. How can I protect myself from these traps and make informed trading decisions?
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