Silver 56.03 short position is already placed — is this a fake breakout to lure longs, or a real drop?



$XAG /USDT - SHORT to sell

Trading plan:
Entry: 55.98 – 56.08
SL: 56.50
TP1: 55.68
TP2: 55.44
TP3: 55.09

Why focus on this structure?
- 4-hour SHORT signal activated; RSI on 15m is only 47.69, with insufficient rebound momentum
- 1-day trend is ranging; the short entry at 56.03 is close to the EMA, with a reward-to-risk ratio of 1:2.5
- Current price is 56.03; TP1 at 55.68, TP2 at 55.44, stop-loss at 56.50 — clear downside room

Discussion:
Will this move hit TP2 first, or will it lure a fake breakout and sweep the stops? I’m placing an order at 56.03 for a move. What about your orders?
XAG0.83%
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