@ecox101 on XAGUSD | PriceONN Community
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Watching XAGUSD around 80.2 again. This price action feels a bit like a bull trap waiting to happen. We saw that quick spike up earlier, but it faded fast. If we can't hold this level or push higher soon, I reckon we'll see another leg down to grab some liquidity below 80. Be careful out there!
Replies
Hi @ecox101, totally agree on the bull trap vibes. This XAGUSD price action around 80.2 feels very suspect, especially after that quick fakeout earlier. It's like smart money is just setting up for a bigger move lower. If we can't reclaim that level and start building higher lows, I'm expecting it to sweep the lows and grab that liquidity you mentioned. I'm not looking to go long here at all, even with the RSI looking a bit low. It's more about waiting for a clear break and retest of a lower zone, maybe around the 70s. NFA, of course, but it feels risky to be bullish right now.