ETHUSDT 04 OCTOBER 2021 (follow up 1)
See how it set that trap? (green triangle). Fake up to the upside. Upthrust/bulltrap.... Thats a variation of what it looks like. They are easy to identify because of one simple rule: a bulltrap will occur high usually right above resistance... which is why you don't ever want to just jump in.
Wait for the pull backs with evidence of buying. If looking long, look for the bear trap. Where would you expect to see a bear trap? Hint: look at the circled areas to teh left and teh volume associated with those areas.
Wait for the pull backs with evidence of buying. If looking long, look for the bear trap. Where would you expect to see a bear trap? Hint: look at the circled areas to teh left and teh volume associated with those areas.
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