SPY's been all over the place lately. Price just broke below the 0.786 Fibonacci level and now the setup looks messy. Could be a bull trap in the making here—typical scenario where buyers think they're catching a bounce, only to get trapped when momentum fails. The whole structure's been choppy, which makes sense when you're testing major support zones. Watch how this plays out from here.
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MEVvictim
· 7h ago
Bull market traps, I know this trick too well. I always fall for it every time, haha.
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DegenWhisperer
· 7h ago
NGL, this wave of breaking looks really fierce, the old trick of the bull trap is back again.
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MEVSupportGroup
· 7h ago
The routine is here again, it's the same old story of buyers creating their own troubles.
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SchrodingerWallet
· 7h ago
It's the same Fibonacci trick again, always talking about bull traps, but in the end, it just rebounds and goes up.
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SelfRugger
· 7h ago
0.786 has been broken again. This time, it's really a classic bull trap, always the same tricks.
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ShadowStaker
· 7h ago
nah this fib breakdown feels forced tbh. seen this exact pattern before—retail fomo into support then rug. what's the actual volume profile telling you rn? 🤔
SPY's been all over the place lately. Price just broke below the 0.786 Fibonacci level and now the setup looks messy. Could be a bull trap in the making here—typical scenario where buyers think they're catching a bounce, only to get trapped when momentum fails. The whole structure's been choppy, which makes sense when you're testing major support zones. Watch how this plays out from here.