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Silver $XAG /USDT 4-hour level, don't miss this LONG signal.
XAG_USDT - LONG
Trade plan:
Entry: 58.48 – 58.78
SL: 56.72
TP1: 60.06
TP2: 61.02
TP3: 62.45
Why pay attention to this structure?
- RSI on the 15-minute chart has dropped to 38.45, an oversold bounce is imminent.
- 4-hour EMA is in a bullish alignment, LONG direction is clear; TP1 at 60.06, TP2 targeting 61.02.
- Entry range 58.48-58.78, SL set at 56.72, excellent risk/reward ratio.
Discussion:
Will this move reach TP2 first, or is it a bull trap?