🥈 Silver Perp 4H: Base Breakout LONG Setup
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📈 Trend: Silver trades 49.97 (+1.0% 24H) after the Oct 30 flush to 48.97. It has built a tight weekend base at 49.24-49.99 and is now pressing the 50 handle. EMA20 (50.25) is the first hurdle, while EMA50 (51.87) and EMA200 (56.57) keep the bigger trend bearish, so this is a relief bounce play.
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🧱 Support: 49.60-49.75 / 49.24 / 48.97
🚧 Resistance: 50.25 / 51.10 / 51.95
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🎯 Entry zone: 49.60-49.75 (retest of the base top)
🛑 Stop loss: 49.15 (below the Nov 1 wick)
✅ TP1: 50.25 (EMA20)
✅ TP2: 51.10
✅ TP3: 51.95 (near EMA50)
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⚠️ Risk: A 4H close under 49.24 voids the idea. Trade small and move SL to entry after TP1.
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Not financial advice. DYOR.
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#Silver #TradFi #BinanceFutures #TechnicalAnalysis
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