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Everyone is bullish on silver right now—that’s exactly why I’m watching $XAG /USDT for a short.
$XAG /USDT - SHORT
Trade Plan:
Entry: 68.42 – 68.52
SL: 68.95
TP1: 68.11
TP2: 67.87
TP3: 67.51
Why this setup?
4H chart shows a range-bound trend with RSI on the 15m at 76.67 (overbought). Entry at 68.47 with tight SL at 68.95 gives a 3:1 risk-to-reward to TP3 at 67.51. The 55% confidence short bias aligns with a mean reversion play after a local pump.
Debate:
Are you fading this overbought spike or buying the dip to 69.07?