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What is a bull trap, and how to identify it?

July 3, 2022 by DIGIT
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Newbie crypto traders should be wary of bull traps. If you suspect one is on the way, here are some tips to identify it.

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Stay updated with the latest trends and expert analyses in cryptocurrency on Digit Info, your go-to site for auto-bookmarked crypto news and insights from top sites

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  • bitcoinBitcoin(BTC)$91,098.00-0.26%
  • ethereumEthereum(ETH)$3,145.490.94%
  • tetherTether(USDT)$1.00-0.03%
  • solanaSolana(SOL)$237.008.35%
  • binancecoinBNB(BNB)$638.122.48%
  • rippleXRP(XRP)$1.086.35%
  • dogecoinDogecoin(DOGE)$0.368816-1.85%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,144.721.00%
  • cardanoCardano(ADA)$0.72-0.62%
© 2024 DIGIT INFO • Built with GeneratePress
  • bitcoinBitcoin(BTC)$91,098.00-0.26%
  • ethereumEthereum(ETH)$3,145.490.94%
  • tetherTether(USDT)$1.00-0.03%
  • solanaSolana(SOL)$237.008.35%
  • binancecoinBNB(BNB)$638.122.48%
  • rippleXRP(XRP)$1.086.35%
  • dogecoinDogecoin(DOGE)$0.368816-1.85%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,144.721.00%
  • cardanoCardano(ADA)$0.72-0.62%