$XAG is showing strong bearish pressure after a sharp rejection from the highs...
It has dropped nearly -3% and is trading near the 24h low with clear downside momentum... You can consider a SHORT here on a pullback, with a target at $54.50 or lower
Chart Analysis:
XAG/USDT has printed a strong red candle after facing resistance near $57.50. The price is currently trading near the 24h low of $54.84, indicating sustained selling pressure and a potential breakdown.
Key Observation:
The structure is bearish with lower highs forming. Any bounce toward $56.00–$56.50 is likely to face strong selling pressure unless a significant reversal pattern emerges.
Trade Idea:
Action: SHORT on any pullback toward resistance.
Entry Zone: $56.00 – $56.50
Target 1: $54.84 (24h low retest)
Target 2: $54.00 – $53.50
Stop Loss: Above $58.00
Summary:
XAG is under clear bearish momentum and the path of least resistance is down. This setup favors short-term bearish trades until a strong reversal signal appears.
#XAG #Silver #Trading #Bearish