Silver bulls—last chance to escape?



$XAG /USDT - Sell SHORT

Trading plan:
Entry: 59.90 – 59.98
SL: 60.33
TP1: 59.65
TP2: 59.46
TP3: 59.16

Why focus on this structure?
- 4-hour level confirms a SHORT signal; the 1-day trend is ranging, but the RSI on the 15-minute timeframe at 62.4 is nearing the overbought zone.
- Around the current price at 59.94, TP1 59.65 and TP2 59.46, with a stop-loss at 60.33; the risk-reward ratio is close to 2:1.
- Why now? In a ranging market, short-term overbought conditions combined with a mid-cycle bearish signal suggest a high probability of a pullback.

Discussion:
Will price hit TP2 first, or will it fake a pump to pull back and drop from above 60.33?
XAG0.55%
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