$XAG /USDT – Relief Rally Forming
Trade Plan – LONG
Entry: 75.50 – 75.80
SL: 72.00
TP1: 76.20
TP2: 78.00
TP3: 79.50
Why this setup?
Price bounced off the 4H local low at $72.04, showing short-term buying interest while still respecting the medium-term bearish trend. MA(7) is holding above price, signaling a minor recovery, but MA(25) at $76.11 is immediate resistance. Volume shows cautious buyers returning, and the structure indicates a lower high from the previous peak at $84.19. Defined TP and SL levels provide a clear risk/reward.
Debate:
Will this relief rally turn into a sustained recovery, or is it just a temporary bounce before continuation of the downtrend?
Click here to Trade 👇$XAG
XAGUSDT
Διην.
76.83
+4.54%