$XAG BEAR FLAG BREAKING DOWN â $54 SUPPORT IN PLAY đ„
Entry: 58.29 đ„
Target: 54.00 đ
Silver dropped 2.6% in the last session and the bear flag on the daily is breaking down. Volume is picking up as sellers take control near $58, with the pattern showing lower highs and lower lows.
If this structure holds, we could see a test of $54 as the next floor. The unwind of long positions could accelerate the move, much like previous breakdowns on the 4H chart.
Are you shorting the breakdown or waiting for a bounce at $54?
Not financial advice. Always manage your risk.
#XAG #Silver #BearFlag #ShortTrade #Breakdown
đ„
Entry: 58.29 đ„
Target: 54.00 đ
Silver dropped 2.6% in the last session and the bear flag on the daily is breaking down. Volume is picking up as sellers take control near $58, with the pattern showing lower highs and lower lows.
If this structure holds, we could see a test of $54 as the next floor. The unwind of long positions could accelerate the move, much like previous breakdowns on the 4H chart.
Are you shorting the breakdown or waiting for a bounce at $54?
Not financial advice. Always manage your risk.
#XAG #Silver #BearFlag #ShortTrade #Breakdown
đ„