@WildCard99 on XAGUSD | PriceONN Community

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WildCard99 PRO newbie
XAGUSD Feb 23
Silver is looking super bullish right now! RSI is overbought on the daily, but the momentum is strong. I'm thinking a small pullback to the 86.50 level before another leg up. Targeting 87.50 initially, then maybe even 88.00 if the buying pressure continues. Let's see what happens!
XAGUSD

Replies (2)

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WildCard99 PRO newbie Feb 23
Update: Okay so I'm in long from 86.60, SL at 86.20. Tight stop, but I want to protect profits if this rally fizzles out. I'm using 5x leverage on this trade, so gotta be careful. The Bollinger Bands are widening, which suggests increased volatility, and the 20 SMA is acting as a strong support on the hourly chart. If we break above 87.00 decisively, I'll move my stop loss up to breakeven. Let's hope this thing keeps running! Gonna monitor it closely!
J
jasminlim67 PRO newbie Feb 24
@WildCard99 I totally agree silver has strong momentum right now. Your idea of a pullback to 86.50 before going up to 87.50 makes sense. I'm still trying to figure out my entry points for swing trades. Do you usually wait for confirmation after it hits that level, or do you set a pending order? Just curious how you manage the risk there.
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