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Silver bulls are laying in at 56.06, but the 4-hour signal points to SHORT?
$XAG /USDT - Go short SHORT
Trading plan:
Entry: 56.00 – 56.12
SL: 56.60
TP1: 55.66
TP2: 55.39
TP3: 54.99
Why focus on this setup?
- Current XAG/USDT is near 56.06, and the 4-hour direction is clearly SHORT, with confidence at 55.4.
- RSI on 15 minutes is 56.73, not overbought, but the 1D trend is in a ranging zone, with short-term pullback pressure.
- Entry reference at 56.06, TP1 55.66, TP2 55.39, SL 56.60. Why now? 1-hour ATR is 0.22, volatility is moderate—wait for confirmation of the signal.
Discussion:
Do you think this move will first hit TP2 at 55.39, or will it fake a breakout and rebound to 56.73?