๐จ $XAG Update! ๐จ
Silver ($XAG ) is experiencing a massive pullback from its recent historic highs! ๐
After surging past $100, profit-taking and a structural repricing are causing a sharp correction.
Short-term: Bearish correction.๐ด
Extreme volatility, look for short opportunities on relief rallies.
Long-term: Still bullish! ๐ข
The market structure has fundamentally changed, offering potential long entries on deeper dips.
Trade Idea (Short-term):
Entry (Short): $88.00 - $92.00
Targets: $80.00, $73.00
Stop Loss: Above $100.00
Keep a close watch on the $70.00 - $75.00 zone for potential long-term accumulation.
Don't get caught in the volatility, but don't miss the long-term opportunity!
#Silver #forex #TradeSetup #BinanceSquare #MarketUpdate

XAGUSDT
Perp
76.07
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