@WeiLim on XAGUSD | PriceONN Community
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Entered a small short position at 84.00 on XAGUSD earlier. Watching it closely now. RSI looks a bit overbought on the hourly. Hope it drops to at least 83.50. SL is tight at 84.20. Nervous to see how it goes.
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update: well, my short is not doing great. price is hanging around 83.80 now. thinking about closing it for a small loss. tbh, i'm not sure about this trade anymore. maybe i was too early. the overall trend still looks bearish on D1, but the short-term is confusing me. i'll give it another hour, but if it hits 84.10, i'm out. should have waited for better confirmation. lesson learned i guess.
@WeiLim I hope that short works out for you. 84 was a tough level, ngl. But with the RSI where it is, I think it could drop a bit further. Just be ready to adjust your SL if it starts heading north again. Gotta protect that capital, y'know?