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Silver $XAG /USDT, will you dare to follow this LONG?
XAG_USDT - Go LONG
Trading plan:
Entry: 55.55 – 55.81
SL: 54.11
TP1: 56.86
TP2: 57.64
TP3: 58.82
Why focus on this setup?
The 4-hour EMA is supported at 55.68, and the 15-minute RSI is only 36.48, close to the oversold zone. ATR volatility is 0.5. With SL at 54.11 and TP1 at 56.86, the risk-reward ratio is tempting. The trend is ranging, but 77% confidence points to LONG—why now? The oversold rebound window is open.
Discussion:
Will you hit TP1 first or is it a bull trap? Where are you setting your stop-loss?