A bull trap is set by investors in a Forex,crypto,commodity and stock market. Large investors artificially buy large amount of investment options to drive their price upward which forms a bill trap for small and naive investors.
Naive retail investors are easily fooled by this bull trap as they start buying investments in large quantities at high prices. Since, they expect that their bought investment will keep on rising in the future. However, in reality their bought investments start decreasing and innocent make huge losses as bull trap is released by big investors.