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The Last Fling for Silver Bulls? Hidden Danger Lurks Around 60.04
$XAG /USDT - Short
Trade Plan:
Entry: 59.94 – 60.14
SL: 61.00
TP1: 59.32
TP2: 58.84
TP3: 58.12
Why This Setup?
- 4-hour SHORT signal activated, 55% confidence is no joke
- RSI 15min at 51.17, momentum weak, EMA provides no support
- ATR 1h only 0.4, volatility contraction often precedes a breakout
- Current price 60.04 is right at the long-short divide, TP1 at 59.32 is just a step away
- Why now? Daily range top + 4-hour bearish buildup, risk-reward above 1:3
Discussion:
Will price first drop to TP2 58.84, or fake out and bounce back to 60.76? Where is your stop loss?