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Around Silver 62.15, what are the bears waiting for?
$XAG /USDT - SHORT
Trading Plan:
Entry: 62.07 – 62.23
SL: 62.95
TP1: 61.55
TP2: 61.14
TP3: 60.54
Why focus on this structure?
- 4-hour level signal clear: SHORT direction, confidence 55.4, EMA support at 62.07-62.23.
- RSI 15min 54.32, not oversold, still room to go down. Trend 1D is oscillating, suitable for swing.
- Why now? Entry price 62.15 close to EMA, TP1 61.55 (-0.6%), TP2 61.14, SL 62.95 (+1.3%), risk-reward ratio 1.4:1.
Discussion:
Will this wave first reach TP2 break 61.14, or a bear trap bounce?