Is this the final bull trap for silver longs? $XAG /USDT 59.89 current price, hiding short orders



$XAG /USDT - SHORT

Trade plan:
Entry: 59.81 – 59.97
SL: 60.67
TP1: 59.31
TP2: 58.92
TP3: 58.33

Why focus on this structure?
• 4H timeframe direction is clear: SHORT signal, confidence 55.4%, medium-strong bearish
• Current price 59.89 is tightly hugging the 1-hour EMA; 15-minute RSI 55.47 hasn’t oversold, so upside room is limited
• Key resistance 60.84—if it holds and stands above, the plan fails, but the daily chart is still in a ranging zone, with more downside potential
• Why now? Enter directly around 59.89; the stop loss is only 0.78, and the reward-to-risk is over 2:1; TP3 targets 58.33

Discussion:
Will this drop first to TP1 59.31 for a bounce, or plunge straight to 58.33? Drop your entry point in the comments.
XAG0.08%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned