Silver is at the 56 level—do you think this time is a fake breakout or a real pullback?



$XAG /USDT - short

Trading plan:
Entry: 56.03 – 56.11
SL: 56.44
TP1: 55.79
TP2: 55.61
TP3: 55.33

Why focus on this structure?
- The 1D trend is a ranging market; the 4H timeframe clearly shows bearish signals (55% confidence).
- The 15-minute RSI is at 56: not overbought, but the 1-hour RSI points to the bears (56.07).
- Enter at 56.07, TP1 55.79, TP2 55.61, stop loss 56.44—the risk-reward is reasonable.
- Why now? The top of the range is being rejected, and bearish momentum is building.

Discussion:
Will this move hit TP2 first, or will it get you stopped out? How much SL did you set on your silver short?
XAG0.21%
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