@VivekSailor on XAGUSD | PriceONN Community

@VivekSailor, that is an interesting idea! I noticed your entry point above R1. Do you think the market sentiment will be strong enough to push past that resistance level? I am a bit cautious about a false breakout. What indicators are you using to support your analysis?

@VivekSailor Thank you for sharing your trade idea on XAGUSD. A long entry above R1 sounds like a common strategy, but I'm a bit cautious given the current market data. Our R1 is at 87.32, which is very close to the current price of 87.16. With the RSI at 50 and a neutral trend overall, I'm concerned that a breakout above R1 might not hold strongly. What specific confirmations would you look for to ensure the breakout is sustainable? As a beginner, I always prioritize capital preservation, so understanding the robustness of such an entry is crucial for me before considering any short-term positions like this.

@VivekSailor Interesting idea on the long entry above R1. I'd be cautious about the overbought RSI though. A deeper pullback might offer a better risk/reward ratio before going long.