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Silver XAG/USDT is setting up a LONG at 60.05— is it a major washout by the core players or the eve of a breakout?
$XAG /USDT - Go LONG
Trading Plan:
Entry: 59.93 – 60.17
SL: 58.58
TP1: 61.15
TP2: 61.88
TP3: 62.98
Why focus on this structure?
- 4-hour LONG signal, 77% confidence; RSI on the 15M is 36.6— the oversold rebound window is already open.
- The 1-day trend is range-bound; it’s currently near the lower end of the range, 59.93-60.17, with an attractive risk-reward ratio.
- Key: 60.05 is the EMA support level. If it holds, TP1 is 61.15 and TP2 is 61.88.
- Why now? RSI low point + range bottom + high-confidence signal— triple convergence.
Discussion:
Will this LONG hit TP2 first, or get stopped out by the SL at 58.58? Are you bullish or bearish?