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Silver $XAG /USDT's 15-minute RSI drops to 31, bottom-fishing or catching a falling knife?
XAG_USDT - LONG
Trade Plan:
Entry: 59.63 – 59.87
SL: 58.30
TP1: 60.84
TP2: 61.56
TP3: 62.64
Why focus on this structure?
- RSI 15-minute oversold zone (31.08), short-term rebound momentum accumulating.
- 4-hour trend bullish (LONG signal 77.4), current price 59.75 near entry low zone 59.63.
- Why now? RSI divergence + trend support, probability of hitting TP1 60.84 is higher than further decline.
Discussion:
Will this rebound reach TP1 60.84 first, or continue to pierce down to the SL at 58.30?