Yes it is possible. You could probably do something like:
Setup some layer keybinds (example here:
Layer Keybinds)
- Watch the reticle update and if you have a target & interaction is possible
- Display the bar with the 5 options,
- Push an action layer for the keybinds
- When you no longer have a target/interaction is no longer possible
- Remove the action layer
- Hide the bar