$XAG
The market just saw a significant short liquidation on #XAG with $20.518K closed at $88.31. This shows strong momentum in the silver market, and traders should stay alert for the next moves.
Current Market Insight:
Price is testing key support and resistance levels.
Recent liquidation indicates short sellers were caught off guard, so momentum may favor buyers in the short term.
Trading Plan (Simple & Organic):
Buy Zone: Around $87.50 – $87.80, where support has previously held.
Target: $89.20 – $89.50, as the next resistance levels are likely to slow upward movement.
Stop Loss: $87.00, just below the support to manage risk.
Stay cautious, watch the trend closely, and adjust your positions as the market moves. This is a high-volatility moment — smart entries and disciplined exits matter most.