$XAG /Silver: SHORT Set up with Reason ? ๐ฅ๐
โSilver is back at $79. Is the bounce over? Here are my two "Price Barriers" and the logic behind them.
โซ โOption 1: The Resistance Barrier ($79.80 โ $80.50)
๐น๏ธโReason: This is a key price limit. If the price stops here, it proves the bounce was just a "trap" before falling again.
๐ธ๏ธโStop Loss: $81.60 ๐ | Target: $74.00
โซ โ Option 2: The Previous High Barrier ($82.50 โ $84.00)
๐น๏ธโReason: "Double Peak" potential. People who bought at the high will sell now just to get their money back, creating a giant wall of sellers.
๐ธ๏ธโStop Loss: $84.80 ๐ | Target: $71.00
โ๐ก MY STRATEGY
Iโm waiting for a Red Rejection Signal on the 4-hour chart at these levels. If the Barrier holds and the price turns red, the drop will be fast! ๐ง
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