Silver’s RSI on the 15m spiked to 71.62—are you still chasing longs?



$XAG /USDT - short SHORT

Trading plan:
Entry: 59.30 – 59.54
SL: 60.56
TP1: 58.57
TP2: 58.00
TP3: 57.15

Why focus on this structure?
- The 4h timeframe direction is clearly SHORT; the 1D trend is just ranging, not bullish.
- 15m RSI is overbought, and there’s strong downside pullback pressure in the short term.
- Current price is 59.42, which is right at the short entry reference; TP1 is at 58.57, with a good risk-reward ratio.
- Why now? Overbought signal + the top of the range-bound market—suitable for a left-side short setup.

Discussion:
Will this short hit TP1 first, or will it wick straight up and tag the SL? Did you place an order?
XAG2.61%
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