#Idea #XAG/Usdt (Silver) - Technical analysis and Trading plan.
On the daily timeframe of silver (1D), a classic graphic model - Bearish Flag - has formed. After a powerful impulsive drop from 98 to 61, the asset has entered a prolonged upward correction phase.
🔍 Technical picture:
Trend: Globally bearish. The current rise is just 'letting off steam' and gathering liquidity before a potential continuation of the crash.
Zone of interest: Price is squeezed in an ascending channel. We expect a final pullback to the upper boundary of the flag.
Indicators: Key moving averages (MA) are standing in the way of growth, acting as dynamic resistance around 78.4–82.0.
🎯 Trading idea:
We are not entering the market at current prices, but waiting for confirmation of our hypothesis.
Entry zone (Sell): 78.40 – 80.00. This is a mirror level and psychological mark where concentration of bearish volumes is expected.
Trigger: Emergence of reversal candlestick patterns on the daily chart in the specified zone.
Target 1: 75.00 (local support).
Target 2 (Main): 61.20 (refreshing lows and working through the height of the 'flagpole').
Stop-Loss: Daily candlestick closing above 82.50 (cancels the bearish scenario).
💡Summary: We are waiting for a test of the zone 78.4–80.0. If buyers cannot break through this block - an excellent potential opens for a short position targeting a new low. 📉
🏝️Waiting for the market open - Profit 🤝
In all networks 🤝