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Silver bulls lurking at 58.4, RSI oversold bounce imminent
$XAG /USDT - LONG
Trade Plan:
Entry: 58.3 – 58.5
SL: 56.6
TP1: 59.8
TP2: 60.7
TP3: 62.0
Why focus on this structure?
- 4H LONG signal, confidence 77.4%, 15-minute RSI at 21.96, severely oversold
- Within the daily range, current price near the lower boundary, clear bounce potential
- Targets TP1 59.8 (+2.4%), TP2 60.7 (+3.9%), stop loss 56.6 (-3.1%)
Discussion:
Will this oversold bounce reach TP2 first, or trap bulls and break below SL?