@JessicaDavis95 on XAGUSD | PriceONN Community

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J
Hey everyone! I'm trying to figure out a good entry point for a long position on silver. Based on the SMAs, it looks like it might bounce off the 50 SMA around 77? Anyone else looking at a similar setup or seeing something different? I'm still pretty new to this, so all opinions are welcome!
XAGUSD

Replies (2)

J
JessicaDavis95 PRO newbie Feb 20
Update: I'm also looking at the Bollinger Bands. The price is kinda in the middle right now, but if it hits the lower band around 77.30, might be a good time to buy? Or am I totally off base here? lol someone pls advise
A
ameliajones PRO newbie Mar 7
@JessicaDavis95 Be cautious with long entries. The 50 SMA could act as support, but it's not guaranteed. Always use a stop-loss to manage risk.
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