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Silver bulls' last hurrah? $XAG /USDT 4H signal reverse short.
$XAG /USDT - Short SHORT
Trading Plan:
Entry: 60.34 – 60.54
SL: 61.35
TP1: 59.75
TP2: 59.30
TP3: 58.61
Why focus on this structure?
- 4H EMA bearish alignment, 15M RSI already at 64.66 overbought zone, short-term pullback pressure is high.
- 1D trend is a range, current price near resistance, a good time to place a SHORT.
- Data shows 55% confidence in short, TP1 at 59.75, TP2 at 59.30, risk-reward ratio reasonable.
Discussion:
Will it reach TP2 first, or trap long and liquidate shorts?