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A false breakout at silver 56.07—who’s the one buying the bag?
$XAG /USDT - go SHORT
Trading plan:
Entry: 56.05 – 56.09
SL: 56.27
TP1: 55.92
TP2: 55.82
TP3: 55.67
Why focus on this structure?
- 4H SHORT signal: RSI on the 15M has already hit 65.39 overbought, with clear pullback pressure
- Within the daily consolidation range, 56.07 is a resistance-level false breakout; this is the short entry point
- TP1: 55.92, TP2: 55.82, SL is only 0.2%, risk-reward ratio 1:3+
Discussion:
Will this wave reach TP2 first, or is it a bull-trap?