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Silver’s about to teach you a lesson—why I’m shorting $XAG /USDT at 68.72.
$XAG /USDT - SHORT
Trade Plan:
Entry: 68.60 – 68.84
SL: 69.85
TP1: 67.87
TP2: 67.31
TP3: 66.46
Why this setup?
RSI on 15m is 59.9, not overbought yet, but 4h bias is SHORT with 55% confidence. ATR on 1h is 0.47—tight range, meaning a breakout is imminent. Why now? Price is at entry ref 68.72, and TP1 at 67.87 is just 1.2% away. If we slip below 68.60, the drop accelerates fast.
Debate:
Will this short squeeze into 70+ or dump straight to 67.87 first?