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Are the silver bulls still holding on? 59.93 is the shorts’ target point
$XAG /USDT - SHORT sell
Trading plan:
Entry: 59.87 – 59.99
SL: 60.49
TP1: 59.51
TP2: 59.22
TP3: 58.80
Why watch this structure?
- 15-minute RSI 54.73: not overbought, but the 4H short signal has already shown up—chasing longs is extremely risky
- The 1D trend is ranging; 59.93 near the previous high is resistance, with the short’s risk-reward at 1:3
- Only a break above 60.49 triggers the stop loss; TP1 59.51 is right within reach below
Discussion:
In this leg down, will the shorts take profit first at 59.22 (TP2), or will it fake a breakdown and then rally to lure short positions?