#om is showing a misleading signal that many traders are likely to read the wrong way.

$OM SHORT

Trade Plan

Entry: 0.04475 – 0.04498

Stop Loss: 0.04554

TP1: 0.04418

TP2: 0.04396

TP3: 0.04351

Why this setup?

Even though RSI is bouncing in the short term, the daily trend remains clearly bearish. The 4H structure presents a high-probability short opportunity with a tight invalidation above the recent high. TP1 at 0.04418 stands as the first logical downside objective.

Discussion

Is this RSI bounce simply a bull trap before the next downward move?

Trade accordingly.

OM

0.0456

+5.80%