Many people believe this is just a “dead cat bounce,” but looking at the 4H frame, the structure is signaling otherwise.
Although the Daily trend is still declining, short-term momentum is improving. The price shows signs of creating a higher low on the 4H, and the small frame RSI still has room before entering the overbought zone.
📌 Trading Plan – LONG
🔹 Entry: 5.0937 – 5.1303
🔹 SL: 5.0022
🔹 TP1: 5.2218
🔹 TP2: 5.2584
🔹 TP3: 5.3316
Invalid if it breaks below 5.00 (an important psychological level).
R:R is attractive if the price maintains the structure and pushes above 5.22.
🔎 Reasons to enter:
• 4H shows signs of a short-term reversal
• Momentum is improving
• RSI is not too hot yet
• Clear stop loss, low risk
If the price holds above 5.22 → the probability of extending to 5.33 is higher.
If it loses 5.00 → the LONG thesis is broken.
💬 Do you think this is the beginning of a counter-trend bounce
or just a bull trap before further decline?
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