Silver (XAG) suddenly plunges, with shorts setting up a trap at the 60 level



$XAG /USDT - SHORT sell

Trading plan:
Entry: 59.88 – 60.02
SL: 60.65
TP1: 59.43
TP2: 59.08
TP3: 58.56

Why focus on this structure?
- The 4h trend is clearly SHORT; the current price at 59.95 has already touched the reference entry zone.
- RSI on 15m is at 58.6; it has not yet become oversold, and there is still room for downside.
- ATR on 1h is only 0.29; after volatility contraction, breakouts often follow.
- The 1D trend is range-bound, but the short-term bearish signals are clear; TP1 at 59.43 is within arm’s reach.

Discussion:
Will this move reach TP2 at 59.08 first, or is it a stop-hunt rebound back to 60?
XAG-0.61%
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