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What is a bear trap in trading and how to avoid it? By Cointelegraph



What is a bear trap in trading and how to avoid it?

A difficult proposition for beginner traders, bear traps can be realized using the charting tools available on most trading platforms and should be exercised with caution.

In most cases, identifying a bear trap requires the use of trading indicators and technical analysis tools such as RSI, Fibonacci levels, and volume indicators, and these are capable of confirming whether a reversal is possible. Is the trend after a period of consistent price going up correct or merely inviting shorts.

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