โก XAG JUST FLUSHED ANOTHER LONG
๐ด $132,000 LONG LIQUIDATED
๐ Liquidation: $58.90
Thatโs not just a number โ it shows how quickly leveraged buyers are getting punished around the $59 area.
Silver dropped sharply yesterday, with XAG/USD printing a low near $58.97, before stabilizing around $60.
๐ฏ NEXT MOVE: WATCH THE $59 ZONE
My bias: โ ๏ธ Neutral-to-Bearish
๐ป Below $58.90
A clean breakdown could trigger another liquidity sweep toward:
$58.00 โ $57.20 โ $56.50
๐ข Above $60.60
If buyers reclaim and hold this level, the liquidation could turn into a bear trap, opening room toward:
$61.50 โ $62.00
๐ Key levels
โข Resistance: $60.60 / $61.50
โข Pivot: $59.00โ$59.20
โข Breakdown: $58.90
โข Downside targets: $58.00 / $57.20
Silver is still dealing with pressure from a stronger dollar and elevated Treasury yields, so chasing longs before confirmation carries extra risk.
๐ฅ TRADER TAKE:
Let XAG prove strength above $60.60.
Lose $58.90 โ sellers may accelerate.
Reclaim $60.60 โ squeeze potential rises.
No blind entries. Confirmation first. Risk management always.
Not financial advice.
#FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #FrenchHillUrgesCLARITYActPassageInLameDuck #IMFGrantsWaiverForElSalvadorBitcoinBreach
๐ด $132,000 LONG LIQUIDATED
๐ Liquidation: $58.90
Thatโs not just a number โ it shows how quickly leveraged buyers are getting punished around the $59 area.
Silver dropped sharply yesterday, with XAG/USD printing a low near $58.97, before stabilizing around $60.
๐ฏ NEXT MOVE: WATCH THE $59 ZONE
My bias: โ ๏ธ Neutral-to-Bearish
๐ป Below $58.90
A clean breakdown could trigger another liquidity sweep toward:
$58.00 โ $57.20 โ $56.50
๐ข Above $60.60
If buyers reclaim and hold this level, the liquidation could turn into a bear trap, opening room toward:
$61.50 โ $62.00
๐ Key levels
โข Resistance: $60.60 / $61.50
โข Pivot: $59.00โ$59.20
โข Breakdown: $58.90
โข Downside targets: $58.00 / $57.20
Silver is still dealing with pressure from a stronger dollar and elevated Treasury yields, so chasing longs before confirmation carries extra risk.
๐ฅ TRADER TAKE:
Let XAG prove strength above $60.60.
Lose $58.90 โ sellers may accelerate.
Reclaim $60.60 โ squeeze potential rises.
No blind entries. Confirmation first. Risk management always.
Not financial advice.
#FedMinutesFocusOnOctoberPause #VitalikWarnsAICouldWeakenCryptographySecurity #FrenchHillUrgesCLARITYActPassageInLameDuck #IMFGrantsWaiverForElSalvadorBitcoinBreach