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Silver bears' last chance to escape?
$XAG /USDT - SHORT
Trading Plan:
Entry: 59.86 – 60.06
SL: 60.97
TP1: 59.20
TP2: 58.70
TP3: 57.94
Why focus on this structure?
- 4H SHORT signal activated, entry at 59.96, stop loss 60.97, risk-reward ratio 1:2.4.
- RSI 15M at 45.6, momentum bearish, 1D trend oscillating, short-term rebound limited.
- Referencing EMA support, first target TP1 at 59.20, if broken accelerates to TP2 58.70.
Discussion:
Do you think silver's move is a false breakdown or accelerating downside? Leave your view in the comments.