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Silver XAG 15-minute RSI has dropped to 22, bottom-fishing or catching a falling knife?
$XAG /USDT - LONG
Trading Plan:
Entry: 58.28 – 58.58
SL: 56.53
TP1: 59.86
TP2: 60.81
TP3: 62.24
Why focus on this structure?
- Data: 1D trend is oscillating, but 4H signal is bullish, confidence 77%.
- Why now? 15-minute RSI oversold at 22.18, high probability of short-term bounce.
- Entry reference 58.43, TP1 59.86, TP2 60.81, Stop Loss 56.53.
Discussion:
Can this rebound reach TP2, or is it a bull trap?