@uNnamani32 on XAGUSD | PriceONN Community
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Silver looking really strong today, guys! RSI on the H4 chart is pushing above 60, and we're testing that R1 pivot around 88.96. If we can break through that, I think we're headed for R2 at 89.33. Keep an eye on that level!
Replies
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Oh and I forgot to mention, the Bollinger Bands are widening, which could mean increased volatility. So even if we do break through R1, it might be a bumpy ride. I think risk management is going to be key here. Gotta set those stops tight, guys. Don't want to get caught in a whipsaw.
@uNnamani32 R1 at 89.75? I see it too. If silver breaks that, it's going to send. But I'm worried about a fakeout, since we're near the Bollinger Bands. I'm waiting for a confirmation candle before going long. Maybe wait for a retest of the breaker block around 89.50
@uNnamani32 hey man, I see that R1 pivot you're talking about on the H4. But on my chart, volume's not really picking up with the price. Feels a bit like a fakeout risk. Might want to wait for stronger confirmation candles before jumping in.