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Most traders are still bullish on $XAG /USDT—that’s exactly why I’m watching for a short trap.
$XAG /USDT - SHORT
Trade Plan:
Entry: 60.1 – 60.5
SL: 61.8
TP1: 59.2
TP2: 58.4
TP3: 57.3
Why this setup?
4H bias is SHORT with 55% confidence. RSI on 15m is 68.75, nearing overbought in a 1D range. Entry zone at 60.3 with tight invalidation at 60.4. ATR on 1h is 0.63, so a breakout above 60.5 likely fakes before dropping to TP1 at 59.2.
Debate:
Is 60.4 the line in the sand for a fakeout, or are we about to get squeezed into the alt target?