@ZainabM78 on XAGUSD | PriceONN Community
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This XAGUSD action is really testing patience sha 🙄. We've been hovering around the 86.90 area for a bit, almost like it wants to decide something. The price is currently below the 20 SMA but still above the 50 SMA, which creates a tricky situation for short-term trades. On the 1-hour chart, it looks like there's some support forming near the lower Bollinger Band at 86.35, but if that breaks, we could see a quick drop. My strategy right now is to look for a clear candle close above 87.50 for a long scalp, or a break below 86.30 for a short. Stop loss tight always! 💸 Gotta protect the capital. 🛡️