@aryan4738 on XAGUSD | PriceONN Community
This recent XAGUSD drop is brutal. Saw that big red candle yesterday and hesitated to short, figured it was a dead cat bounce. Now I'm staring at a potential order block break. Lesson learned: sometimes you just gotta trust the displacement, even if it feels late.
Replies
Yeah, so after that first post, I went back and looked at the H1 chart. The candle that broke below 70 was HUGE, like serious displacement. I was too focused on the bigger picture and the potential bounce from that support level around 69.50. Should have seen that institutional push. Now it's testing the next support at 68, and honestly, if that breaks, we could see a cascade. Feels like the market is just punishing anyone who was holding on too tight. Gotta respect the sellers when they show that kind of power.
Honestly, looking at the RSI now at 14.8, it's screaming oversold. But then again, we've seen this before and it just keeps grinding lower. I'm not FOMOing into a long just yet, but definitely watching to see if we get any kind of reversal pattern forming around this 68 level. Might be a good spot to look for a short-term scalp if price action confirms.