@JosephGreen80 on XAGUSD | PriceONN Community
Silver's looking weak, ngl. RSI below 50, SMA's acting as resistance... I'm seeing potential for a short position if it breaks below 76.00. Targeting 75.20 initially, then maybe 74.50 if the momentum holds. SL around 76.50 for risk management. Thoughts? 🤔
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Update: So about my earlier short idea... I'm noticing some bullish divergence on the H4 chart. Might be a fakeout incoming. I'm gonna wait for a clearer signal before entering. If it bounces off 76.00 and breaks above the 20 SMA, I'll consider going long instead, targeting 77.00. Need to see more confirmation tho. This market is too unpredictable rn. Remember to always adjust your strategy based on new data and don't marry your positions! 📉📈