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Silver bulls are laying in wait at 59.22—but will the 4H signal quietly flip bearish?
$XAG /USDT - SHORT
Trading Plan:
Entry: 59.11 – 59.33
SL: 60.23
TP1: 58.46
TP2: 57.96
TP3: 57.20
Why watch this setup?
- The 1-hour EMA key level is 59.22; TP1 below is 58.46, with a risk-reward ratio over 1:2.
- The 15-minute RSI is 63.58; it’s not overheated, but the 4H trend is leaning bearish—rebounds are the entry point.
- ATR is 0.42, with moderate volatility—suited for setting SL at 60.23 to control risk.
Discussion:
Will this SHORT reach TP2 at 57.96 first, or will there be a bait (stop-hunt) that tempts shorts lower before bouncing to break the SL?