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Silver bulls' final celebration? $XAG /USDT 60.94 becomes the line between life and death!
$XAG /USDT - SHORT SELL
Trading plan:
Entry: 59.53 – 59.73
SL: 60.54
TP1: 58.95
TP2: 58.49
TP3: 57.81
Why focus on this structure?
- RSI (15 minutes) has reached 29.8, rebound from the oversold zone is about to trigger, but the 4-hour trend is bearish.
- Core scenario: short at 59.63, TP3 at 57.81, SL set at 60.54, reward-to-risk is over 3x.
- Why now? The daily timeframe is at the end of a sideways consolidation; once it breaks below 58.95, the shorts will accelerate.
Discussion:
In this move, are you waiting for the RSI rebound up to 60 to short, or are you going in directly?