Might be about to see bull trap failure in SOLBull traps have gotten more tricky in modern times with us having to account for various types of trickery, but the basic model for a bull trap (Or any reversal off a retracement) is to look for a 76 retracement.
Here's the strategy for this.
So many crypto charts look like this. All of them screaming bull trap.
ETH has been developing for a while.
COIN looks exactly the same.
In general, the best performing crypto during the rally looks like this classic bull trap. With others not even being able to manage a respectable bull trap.
The only thing that's been giving the crypto market a half decent case for new breakouts was the BTC, but since that it's downtrended for 6 months.
Crypto looks very vulnerable.