Silver bulls are lurking at 60.98, but this SHORT signal is armed



$XAG /USDT - SHORT

Trading Plan:
Entry: 60.88 – 61.08
SL: 61.92
TP1: 60.28
TP2: 59.81
TP3: 59.10

Why focus on this structure?
- On the 4-hour timeframe, the 15-minute RSI is at 44.88—near the oversold edge but not reversing.
- The 1D trend is range-bound; in the SHORT direction, the win rate is 55%—not extreme, but worth the play.
- Entering now: EMA reference 60.98, TP1 set at 60.28, TP2 looking at 59.81, SL at 61.92.
- Why now? The top of the range is meeting resistance; short-term momentum is weak, and the downside is clear.

Discussion:
Will price reach TP2 first and then bounce, or is it a stop-hunt bear trap? Where are you setting your stop loss?
XAG-1.25%
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