Has the 4-hour short alert for silver XAG/USDT lit up?



$XAG /USDT - SHORT

Trading plan:
Entry: 59.64 – 59.82
SL: 60.63
TP1: 59.05
TP2: 58.60
TP3: 57.92

Why focus on this structure?
- The 15-minute RSI has dropped to 29.88, severely oversold, but the 4-hour trend is still bearish.
- The entry reference price is 59.73, with the SL set at 60.63—risk is manageable.
- Target TP1: 59.05, TP2: 58.60, with an attractive risk-reward ratio.
- Why now? An oversold bounce could be a trap, and bearish momentum hasn’t faded.

Discussion:
Is this move going to hit TP2 first and then rebound, or will it directly lure longs to sweep stops?
XAG-1.11%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned