@rGupta26 on XAGUSD | PriceONN Community
Ouch, that drop in XAGUSD was brutal! Seeing a big red candle forming on the hourly chart. Volume spiking too. Something's definitely up...or rather, down. 📉
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Update: Okay, digging a bit deeper into that XAGUSD drop. Looks like it broke through the S1 pivot point at 88.78 pretty decisively. RSI still not showing oversold yet on the H4 timeframe, so there might be more room to fall. I'm thinking 88.25 (S2) could be the next support level to watch. Might consider a small short position if it bounces back a bit to around 89. tbh, I'm still learning about shorting strats. Any thoughts from the community?