*$XAG Silver - Technical Setup Watch*
*Position*: Long bias
*Price now*: 76.2
*Entry range*: 75.4 - 77.0
*Stop loss*: 72.5
*Targets*: 81.0, 85.5, 90.5
*What’s showing up on the charts*:
- 4H Bollinger Bands have squeezed to their tightest point recently, which often precedes a bigger move.
- Price is sitting just above a daily bullish order block, with buyers stepping in on dips.
- Stochastic shows hidden bullish divergence, and volume has been ticking up on pullbacks while selling pressure looks light.
- The price is coiling inside a symmetrical triangle. Breakout direction isn’t confirmed yet.
This kind of compression usually means volatility is about to expand, but it doesn’t guarantee which way. A move above 85.5 would require follow-through buying and a clean break of the triangle resistance.
This isn’t financial advice. Want me to check the current 4H and daily structure to see if the squeeze is still intact right now?
