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Silver’s 4h just flashed a hidden short signal most retail will ignore.
$XAG /USDT - SHORT
Trade Plan:
Entry: 58.74 – 59.04
SL: 60.35
TP1: 57.79
TP2: 57.06
TP3: 55.96
Why this setup?
Why now? The 15m RSI at 62.09 shows local overbought momentum, but the 4h trend is range-bound with a 55% short bias. ATR at 0.61 suggests tight volatility—break below 58.74 entry low targets TP1 at 57.79. This is a mean reversion setup, not a trend breakout.
Debate:
Do you fade the 15m RSI or wait for a retest of 59.04 to short $XAG /USDT?