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Everyone is bullish on silver—until they see the 4H RSI at 37.49.
$XAG /USDT - SHORT
Trade Plan:
Entry: 62.28 – 62.42
SL: 63.00
TP1: 61.87
TP2: 61.54
TP3: 61.06
Why this setup?
Why now? $XAG /USDT is sitting at 62.35 with a SHORT bias (55% confidence) and a tight 1H ATR of 0.269. The daily trend is range-bound, meaning we're not breaking out—we're breaking down. First target: 61.87, then 61.54. The 15m RSI is already oversold, but the 4h structure favors continuation lower.
Debate:
Are you shorting the 62.35 rejection or waiting for a retest to 62.42 before pulling the trigger?