#XAGUSDT实操指南 南
The price has dropped significantly now, around $80.60 - $81 per ounce (spot and perp are close), which means from the $84 it was at a few hours ago, it has dropped more than 3-4% in a day. This is substantial and risky for the long position you have (especially at 100x leverage).
The current technical situation (1H and 4H):
RSI on 1H is close to 40-42 (sell signal, slightly over-sold but can still drop more).
MACD is negative, the MACD line is below the signal and the histogram is expanding downwards → strong downward momentum.
The current main support is at 78.25 - 79 (if it breaks, it could go to 74-75 quickly due to liquidity).
The near resistance is 82.50 - 83, and then 85-86 (which was support before).
Scenarios:
If you want to open a short position:
Now is a good opportunity, especially if the price goes back to test 81.50-82 and rejects it.
The first target is 78.25, the second is 74-75.
Stop-loss above 83.
(But be careful, the volatility is high, and a quick rebound could happen if the dollar suddenly weakens).
If you want to stay long or open a new long position:
Wait for confirmation, meaning a close above 82.50 on 1H with RSI going back above 50 and MACD crossing upwards.
Without that, the risk is very high on high leverage (your position could get liquidated quickly if it drops to the liquidity at 68 that you have).
In summary: the short trend is downward now!
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