Some are calling this a bear trap, but $OM is showing a hidden buy signal.
$OM /USDT – 🔴 LONG
Trade Plan:
Entry: 0.06666 – 0.06702
Stop Loss: 0.06575
Targets:
TP1: 0.06793
TP2: 0.06829
TP3: 0.06901
Why this trade?
Even though the daily chart is bearish, the 4-hour setup favors a LONG. RSI on lower timeframes is oversold (15M RSI: 43.92), indicating a likely local bounce. The entry zone is narrow with well-defined targets above.
Discussion:
Could this be the start of a reversal, or just a dead cat bounce before the bearish trend continues?
Trade setup below 👇
