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Silver 56.08 short orders are set—this time, will it wipe out the longs?
$XAG /USDT - SHORT
Trading plan:
Entry: 56.03 – 56.13
SL: 56.53
TP1: 55.74
TP2: 55.52
TP3: 55.18
Why watch this setup?
- 4-hour timeframe signal turns to SHORT, confidence 55.4. The 1D trend is ranging/consolidating, and shorts have room
- Current price 56.08. TP1=55.74, TP2=55.52, TP3=55.18, SL=56.53. Risk-reward is about 1:1.5
- 15-minute RSI 55.36, not overbought. But 1-hour ATR 0.186, volatility is moderate—suitable for short-term pullback trades
Discussion:
Will this move reach TP2 first, or is it a bear trap rebound?