What are trapbots?

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Alberto Siguenza
Answered 1 month, 2 weeks ago
<p id="isPasted">A "bot trap" or more accurately, a bull trap, refers to a deceptive upward price movement that lures in buyers, only for the price to quickly reverse and fall, resulting in losses for those who bought the asset. It's a type of false signal where a breakout above resistance is not sustained, and the price quickly returns to trading below the resistance level.</p>