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Lingrid | SOLUSDT possible BULL Trap in the MARKETS

market made a false breakout of the previous resistance zone before dropping significantly. Like many other markets, it sold off and fell below the key psychological level of 200. Although there was a daily long-tailed bar formed at the support level, the price did not test the area below the January low. Thus I think the recent bounce off the support level could be a bull trap. As a result, I anticipate another sell-off that may push the market towards the 150 level, where it could find substantial support and price surge. My mid-term goal is support level at 167

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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