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Silver $XAG /USDT hides reversal signals on the 4-hour timeframe?
XAG_USDT - Go LONG
Trading plan:
Entry: 58.09 – 58.21
SL: 57.40
TP1: 58.71
TP2: 59.09
TP3: 59.65
Why focus on this structure?
- RSI on the 15-minute chart has dropped to 30.6, and rebound momentum is brewing in the oversold zone.
- 4-hour EMA bullish alignment; today’s LONG signal has a 77% high confidence.
- Key support is 58.09; TP1 is 58.71, with a better risk-reward than going short.
Discussion:
Will this move directly push to TP2 at 59.09, or will it first retrace to SL at 57.40 and then rally?