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Silver 59.07 staged short—can this move drop through 58 this time?
$XAG /USDT - SHORT
Trading Plan:
Entry: 58.96 – 59.18
SL: 60.10
TP1: 58.29
TP2: 57.78
TP3: 57.00
Why focus on this structure?
• 4-hour timeframe bearish signals confirm, daily trend is range-bound/oscillating, with short-term downside potential.
• RSI on the 15-minute chart is 56.26, not overbought. Short entry zone: 58.96-59.18, TP1 58.29, TP2 57.78.
• Enter now, set stop loss at 60.10, the risk-reward ratio is reasonable—waiting for a breakdown.
Discussion:
Will this move hit TP2 first, or is it going to trap buyers and bounce?