@lily98 on XAGUSD | PriceONN Community
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Watching XAGUSD closely. Seeing this bearish trend, I'm looking to scale into a short position on any minor rallies towards the 78.50-79.00 area. I'll start small, maybe 0.5% of my capital, and add more if we break below the 76.00 support. This approach helps manage risk if the market reverses unexpectedly.
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Hey @lily98, I saw your post about scaling into shorts. I'm also getting nervous watching this price action. This whole Iran thing, plus that Fed hawkishness you mentioned earlier, is really making silver dump. I'm sitting on a small long from yesterday, and it's already down like 4% or something crazy. I'm not sure if I should cut my losses now or wait to see if it bounces. This drop feels pretty big, like a liquidity grab maybe? I don't want to get rekt. Your plan sounds sensible, but honestly, with this kind of volatility, I feel like anything can happen.
Hey @lily98, I see you're thinking about scaling into shorts. I agree, this whole situation with inflation and the Fed making noise makes me nervous too about going long. Price is hovering right around that 68 level, which feels like a bit of a crossroads.