For short term, I do not see a clear indications whether the trend is still bearish or to reverse for bullish. If the trend is still bearish, surely it can be said bear trap but for long term I still see this as good investment while the price is still low.
In the short term indication, there is nothing to know and best is to just wait for the market to develop before even making any possible move. The reason why we are not seeing much volume in this market is because we are in a downtrend anyway, and simply no matter the short pump that we get to see, a lot of traders are being very careful to make any moves. Simply put, the best is to relax and see how things play out. It could be a fake pump, and it could be the market in need of some volume, but so far, nothing is certain.
Personally I would not consider anything yet. During downtrends like this, it is always necessary to be scared of any possible breakout and allow the market to settle down and show possible direction before hopping in. With the past situation of the market and in the possibility of seeing a lot of manipulation, it makes a lot of sense to see how the market breaks out and plays out before making any attempt. Like you said, it is a pump and it can end up being dumped.
