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Can you dare to follow this silver short?
$XAG /USDT - SHORT
Trading plan:
Entry: 56.59 – 56.79
SL: 57.63
TP1: 55.98
TP2: 55.51
TP3: 54.81
Why focus on this structure?
The bearish signal on the 4-hour timeframe has been triggered. The RSI on the 15-minute chart is 40.6, close to oversold, but the 1-day trend is still ranging. Enter at 56.69, TP1 55.98, TP2 55.51, stop loss 57.63. Why now? Short-term momentum is weak; the bearish win rate is 55%, making it suitable for a quick in-and-out.
Discussion:
Will this move reach TP2 first, or is it a bull trap?