Silver bulls, don’t rush—56.7 is the real pressure?



$XAG /USDT - go short SHORT

Trading plan:
Entry: 55.5 – 55.7
SL: 56.7
TP1: 54.8
TP2: 54.2
TP3: 53.4

Why watch this structure?
On the XAG/USDT 4H timeframe, a SHORT signal was issued with confidence at 55.4. Current price is 55.6. The 1D trend is ranging; 1H RSI is neutral (55.6). The key resistance is 56.7—if it breaks out, the signal is invalid. Set the stop loss at 56.7; TP1 looks at 54.8, TP2 at 54.2. Why now? RSI hasn’t reached overbought, but price is facing rejection near the upper bound of the ranging range, making the short-term short risk-reward ratio more favorable.

Discussion:
Will this move hit TP2 first, or will it be a stop-hunt pullback that rebounds to 56.7?
XAG0.47%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned