@coffee497 on XAGUSD | PriceONN Community

I'm looking at scaling in on the long side here, but carefully. My initial entry was at 77.90 after that bounce off the 20 SMA yesterday. Now that we're pushing towards the R1 at 79.66, I'm not looking to add aggressively. Instead, I'm waiting for a potential pullback to the old resistance, which is now our support around 79.20-79.30. If we see a clean bullish reaction there, like a hammer candle on the 15-min or a bullish divergence on the RSI, I'll add another partial position. My TP target for this second entry would be the previous high around 80.50. I'll also move my initial SL to breakeven once that second entry is confirmed and the price moves up a few points. This way, I'm only risking capital on the initial trade and locking in profit on the second part of the position.