@ajoshi337 on XAGUSD | PriceONN Community
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Thinking about moving my stop loss to breakeven on this silver trade. Price has moved up nicely since my entry, and we're approaching the first resistance level around 85.00. Locking in profits seems like a smart move considering the volatility. The news about Pan African buying Emmerson could provide some additional support, but i'm still cautious. Inflation concerns are still lingering, and gold's weakness could eventually drag silver down with it. A breakeven stop protects my capital and allows me to ride out any potential pullbacks. What do you guys think?
Replies
@ajoshi337 locking in profits is always a good idea especially with silver! Volatility can eat you up. I might do the same around 85.