Silver’s false breakout—are you on board?
$XAG /USDT - SHORT
Trading plan:
Entry: 68.2 – 68.4
SL: 69.3
TP1: 67.5
TP2: 67.0
TP3: 66.2
Why pay attention to this setup?
- The 4H SHORT signal is in place, with 68.3 as the entry reference; the current price is right at the key level.
- The 15-minute RSI is at 43.67, momentum is weak, the rebound lacks strength, and shorts have the upper hand in the short term.
- The intraday trend is ranging, but TP1 at 67.5 and TP2 at 67.0 are not far away, with a risk-reward ratio close to 1:2.
- Why now? 68.5 is the invalidation line. A breakout invalidates the