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Silver bears are already set— is this 56.07 a trap?
$XAG /USDT - short SHORT
Trading plan:
Entry: 56.04 – 56.10
SL: 56.36
TP1: 55.86
TP2: 55.71
TP3: 55.50
Why watch this structure?
- 4-hour bearish signal activated; RSI (15m) is only 48.7, not oversold.
- Daily trend is sideways; 57.99 is the invalidation point, with clear downside room.
- Now entering: TP1 55.86, TP2 55.71, stop-loss 56.36, with a reasonable risk-reward ratio.
Discussion:
Do you think silver will hit TP2 first, or get stopped out at 56.36 and sweep out?