As you know that this is a chart pattern of bitcoin and in this chart a good breakout in upper side as you can see but if you take trade in upper side then may be you booked a good loss so this post we have to study how to identify this type of trap easily.

If you want of start trading then first to first mark you supports and resistance clearly after then you wait with patience when any type moment take place in any side then focus on your chart and find trap do trade in first breakout or breakdown. If breakout and breakdown is create then you see if this breakout or breakdown is first then may be it is a trap so again wait if price is suddenly move in any side with big candle then skip this type because if you take trade then may be your stop loss is very big so you need to book stop loss. This way you can identify you trap.

If you want to find which one is good support and which one is good resistance then you need to find which point price is repeated if you find that point there minimum two or more than two times price is repeated then this point is you support and resistance. If you want to believe on you support or resistance then time frame is also must important. If your time frame is lower like that 1m, 2m, 5m, etc… then may your support or resistance is indicate false breakout or breakdown and also false indicate so your time frame is also must important. This way you can find good support and a good resistance.

The trap trading is very famous trading in this time because trap trading is form in any chart and in any market and in any index that’s why trap trading is very famous trading in this time. Trap trading is made by tarp like that you see any chart and you see suddenly big moment in any side then may be it is a big moment with the help of big trading company other wise may be it is a trap then our trap trading is start if price is breakout is any support and resistance with the help of big candle then suddenly price is return in back side then we take trade then trade is called trap trading. This way we can trade on trap trading.

This post we read how to identify trap and with the help trap how we can trade and how to identify and find support and resistance. This is the conclusion of this post.]