Short $XAG
Entry: 98.20 – 99.50
SL: 104.50
TP: 95.50 – 92.00 – 88.00
$XAG is struggling to maintain its recent bounce, having faced a strong rejection with a solid red candle erasing prior gains. This suggests limited potential for an immediate recovery. 📉
The price is currently trading below the downward-sloping MA7, indicating strong bearish momentum. Bears appear to be in control, making a retest of the 95.5 support level seem imminent. 🐻
Trade responsibly. XAGUSDT