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Everyone is bullish on silver—but $XAG /USDT just flashed a 4h short signal most are ignoring.
$XAG /USDT - SHORT
Trade Plan:
Entry: 70.03 – 70.23
SL: 71.06
TP1: 69.43
TP2: 68.97
TP3: 68.27
Why this setup?
RSI on 15m at 39.65 shows early weakness, while 1h ATR of 0.387 suggests volatility is compressing. The 4h structure is SHORT with 55% confidence, targeting TP1 at 69.43 and TP2 at 68.97. Why now? The 1h pivot at 70.13 is acting as resistance in a range-bound daily trend—break below 70.03 confirms the move.
Debate:
Do you short silver into 68.97 or wait for a retest of 70.23?