$OM — Dead Cat Bounce or 4H Reversal?
While many are calling this a dead cat bounce, the 4H structure is starting to show early signs of a potential recovery attempt.
The daily trend remains bearish — but lower timeframes are signaling a possible counter-trend long opportunity.
Trade Plan — LONG $OM
Entry: 0.055542 – 0.056578
Stop Loss: 0.052954
Targets:
• TP1: 0.059166
• TP2: 0.060202
• TP3: 0.062273
Why This Setup?
• 4H structure attempting higher low formation
• RSI (15m) around ~45 — room before overbought
• Tight invalidation below 0.05295
• Attractive short-term R:R profile
This is not a macro trend reversal call — it’s a structure-based counter-trend trade.
The Real Question:
Is this the beginning of a 4H reversal…
Or just another bear market trap before continuation lower?
The reaction near TP1 will likely provide the answer.
Trade here 👇🏻
