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Most traders missed the $XAG /USDT trap—are you about to buy the top?
$XAG /USDT - SHORT
Trade Plan:
Entry: 65.18 – 65.26
SL: 65.56
TP1: 64.96
TP2: 64.79
TP3: 64.53
Why this setup?
RSI on 15m is 60.93, signaling overbought in a range-bound 1D trend. Price is at 65.22 with tight ATR (0.1436), suggesting low volatility—often a precursor to a sharp move. Primary SHORT setup targets 64.96, 64.79, and 64.53. Waiting for confirmation, but the data favors the downside over a breakout.
Debate:
Is silver about to dump to 64.53 or fake out to 65.91 first?