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the snares that they have laid for me
The psalmist speaks of deceiving a good man so the good man will sin or so that the evil people can defeat him as if it were laying a trap for an animal. The word "snares" is a metonym for the people themselves. AT: "people who are looking for ways to harm me" (See: rc://en/ta/man/translate/figs-metaphor and rc://en/ta/man/translate/figs-metonymy)
snares ... traps
Bible experts disagree on the exact meanings of these words. It would be best either to translate one of them with the word for a net or cage that contains the prey and the other as a rope or vine that catches the prey by the leg or neck or to translate both with the general word for "traps." See how these words are translated in Psalms 140:5.
from the traps of evildoers
The verb may be supplied from the previous phrase. AT: "and protect me from the traps that those who do evil have set" (See: rc://en/ta/man/translate/figs-ellipsis)