$XAG: Sellers are firmly in control after a significant breakdown from cycle highs. 📉
Short $XAG
Entry: 86.0 – 88.5
SL: 94.5
TP: 82.5 – 78.8 – 75.5
$XAG topped near 121.7, experiencing a sharp, impulsive selloff that broke multiple structural supports. The subsequent bounce from 76.5 has been weak and corrective, with price consolidating well below key EMAs. 📊
Momentum remains bearish, as volatility expansion favored the downside and follow-through buying is absent. Market structure has flipped decisively lower after the failed parabolic advance. 🐻
Unless $XAG reclaims and firmly holds above 94.5, continuation toward lower liquidity levels remains favored. 👇
Trade XAG👇
(XAGUSDT)
