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Silver bulls be careful, 62.14 could be a trap.
$XAG /USDT - SHORT
Trading Plan:
Entry: 62.05 – 62.23
SL: 63.02
TP1: 61.48
TP2: 61.04
TP3: 60.37
Why focus on this structure?
4-hour level signal turned bearish, RSI 15-minute 56.23 not overbought. EMA structure shows a resistance zone; if it breaks below 62.05, short target TP1 61.48. Why now? Daily chart is oscillating, short-term bearish probability slightly higher.
Discussion:
Will this wave first reach TP2 61.04, or a false breakdown rally?