$XAG #Silver - deceived, confused ;) parasite...
last day of the month
so I expect any surprises
for the entire month, the price hasn't gone above the 2026 open or below 38% of last month's lower tail
at the beginning of this month, there were suggestions about an upward price move to test the 103 level
however, the actual correction only reached 50% of the last upward move's range
what does this mean
sentiment about a further decline in silver was very strong at the beginning of this month and big moneys (I'm talking not about smart money)
taking advantage of this
big moneys opened longs at 64-66 (order block zone) and they are not allowing the price to fall below
on the other hand, distribution was observed at 83, longs were closed
based on this, the best level for an upward reversal and an increase in long positions remains 64-66
principle: buy news, sell facts - yesterday was played out superbly.
Yesterday, the massive opening of long positions on Binance resulted in a very positive funding fee, but the decline in open interest during the Asian session indicates a closing of yesterday's positions, this caused the price to go up.
So play carefully today, be safe
P.S. : My long is almost at the target, I don't recommend a new long