$OM is flashing a deceptive signal most traders will misinterpret.
$OM /USDT - SHORT
Trade Plan:
Entry: 0.044752 – 0.044978
SL: 0.045541
TP1: 0.044189
TP2: 0.043963
TP3: 0.043512
Why this setup?
Despite a short-term RSI bounce, the 1D trend is firmly bearish. The 4H setup offers a high-probability SHORT entry with a tight stop above the recent high. TP1 at 0.044189 is the first logical target.
Debate:
Is this RSI bounce a classic bull trap before the next leg down?
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OMUSDT
Perp
0.04537
+7.08%