Silver 59.79 is laying in short orders—was this “lure longs” push, or a real breakout?



$XAG /USDT - Going short SHORT

Trading plan:
Entry: 59.77 – 59.81
SL: 59.93
TP1: 59.68
TP2: 59.61
TP3: 59.50

Why focus on this setup?
- 4H bearish signals are confirmed; the 1H EMA is suppressing around 59.79, and the 15M RSI is 56.05—slightly neutral, but not overbought.
- ATR 0.06016 shows moderate volatility; TP1 59.68 and TP2 59.61 have clear downside room, while SL at 59.93 is only 0.14% above entry.
- Within the daily ranging structure, 59.79 is resistance at the top of the range, making it suitable for a SHORT pullback trade.

Discussion:
Will we reach TP2 first, or get swept out by the SL? Leave your thoughts in the comments.
XAG-0.27%
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