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Silver bulls, be careful—56.09 is the ceiling?
$XAG /USDT - Sell SHORT
Trading plan:
Entry: 55.95 – 55.97
SL: 56.09
TP1: 55.86
TP2: 55.80
TP3: 55.70
Why focus on this structure?
- 4-hour level bearish signal activated; RSI on 15-minute has already fallen to 37, momentum is weak
- Current XAG_USDT is around 55.96; TP1=55.86 is just one step away, TP2=55.80 is the recent support test point
- Why now? Short-term EMA is in a bearish alignment; if it breaks 55.95, the probability of a further drop is high
Discussion:
Will this move hit TP2 first, or will it trigger a bear trap rebound? Have you placed your order?