They use previous resistance as a bear trap to fill their covers. They shorted above resistance and then flipped the "resistance level" for support by covering their shorts with people's new short orders.
Trapping them short at a local bottom and covering their higher-filled shorts.
Trapping them short at a local bottom and covering their higher-filled shorts.
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Note
Bear trap exactly
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.