@msibiya366 on XAGUSD | PriceONN Community
Okay, so for Monday I'm thinking of watching for a dead cat bounce early in the week and then golong if it breaks above 81.25. SL around 80.60 should be safe. If it keeps dropping though I'll wait for a breaker block around 79.80 before even thinking of buying. NFA tho
Replies
Hey @msibiya366, that dead cat bounce idea is interesting. I'm a bit wary of going long too soon though, given how hard it's dropped. Might wait to see if those breaker blocks you mentioned actually form.
Hey @msibiya366, I agree it's dropped a lot, but I'm feeling a bit more optimistic. I think the RSI is getting pretty oversold and might signal a bounce soon, especially if we can hold above the 69 pivot.