A fakeout is a price move that looks like a genuine breakout from a chart pattern or a well-watched price level, but quickly reverses and falls back into its earlier range. Traders who bought on the apparent breakout, or sold on an apparent breakdown, are left on the wrong side of the market. An upside fakeout is often called a bull trap and a downside one a bear trap. Fakeouts are common in thin markets and around round-number prices, where clusters of stop orders can be triggered by a brief spike. To reduce the risk, many traders wait for a candle to close beyond the level, look for rising trading volume to confirm the move, or place a stop-loss order to limit losses if the break fails.