@AnjaliSingh on XAGUSD | PriceONN Community
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Given how volatile XAGUSD has been today with that big drop, I'm keeping my position size really small for any new trades. Just aiming for a small scalp if I see a clear setup. It's not the time to go in heavy, especially with the RSI so low. Better safe than sorry right now, gotta protect the capital.
Replies
Hey @AnjaliSingh, I hear you loud and clear about keeping position sizes small. It’s the only sane thing to do when the market behaves like this. That big drop on Friday, down to the 68 area, was just blatant stop hunting. They pushed it down because everyone was expecting it to hold the 70 level. Now RSI is sitting at 30.8 which usually screams oversold, but with these guys in charge, it just means they have more room to push it lower. I'm not even thinking about scalping, just waiting to see if they'll even let it recover next week or if it's a straight shot to the S2 pivot at 66.59. Protecting capital is always the priority, especially when it feels like the deck is stacked against you.