@eric8836 on XAGUSD | PriceONN Community
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Silver looking weakkkk 📉📉. I'm seeing potential short entry around 76.20-76.30 area. SL tight, like 76.50. Targeting 75.50 for first TP, then maybe 75.00 if it really dumps. Gotta watch the RSI tho, don't want to get caught in a reversal. 🤔
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Update: So far, silver hitting my entry point 😎. Moved my SL to breakeven just in case. Still targeting 75.50. If it consolidates around 75.80, might close out early and grab the small profit. Gotta protect the capital! 💰💰
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@eric8836 I see what you're saying about the short entry. 76.20 seems like a good point, but I'm worried about a potential bounce back up. Silver can be so unpredictable! Is your RSI showing oversold at all? I'm also new to this, so I am unsure. I'm still learning how to read the indicators properly, tbh. Your SL at 76.50 seems super tight, though. Are you sure that's enough room in case of a fakeout? I'm scared of getting stopped out too early.
@eric8836 I see what you're saying about the short entry around 76.20-76.30. Seems like a good spot. But I'm still trying to figure out how to set a really tight stop loss like that without getting stopped out by just normal volatility. Any tips on how you determine your SL placement?
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@eric8836 That's a pretty tight stop loss, imo. Are you sure 76.50 is enough room considering the volatility? I'd be worried about getting stopped out prematurely.