$Q 4 The truth behind the “baiting” on the hourly chart:
Yesterday during trading, the market makers first slammed the price down to 0.087 (creating panic), then instantly pulled it back up, leaving a long lower wick (making it look like the price had stabilized while shaking out holders).
But what happened on the 4-hour candlestick chart right after that? After rebounding to around 0.13, the price immediately turned lower and closed with an ugly bearish candle. This shows that the dip buyers who entered yesterday are now firmly trapped. Yesterday’s low wasn’t the bottom—it was just a “bull trap” used by the market makers to lure in traders!
Yesterday during trading, the market makers first slammed the price down to 0.087 (creating panic), then instantly pulled it back up, leaving a long lower wick (making it look like the price had stabilized while shaking out holders).
But what happened on the 4-hour candlestick chart right after that? After rebounding to around 0.13, the price immediately turned lower and closed with an ugly bearish candle. This shows that the dip buyers who entered yesterday are now firmly trapped. Yesterday’s low wasn’t the bottom—it was just a “bull trap” used by the market makers to lure in traders!