$XAG Today's silver market situation is just a public execution written for retail investors. First, it rose from 101.12 to a high of 118.33, then it directly plummeted through 102.65, and now it has pulled back to 112.33. With a 24-hour volatility of 15%, did you hesitate to jump in at 101.12 and regret it, only to chase the high at 118 and get deeply trapped?
Stop pretending, I know you are the one being repeatedly harvested.
I'll get straight to the heartbreaking truth:
1. Institutions quietly ran away at 118.33
In the 24-hour trading volume of 1.448 billion, institutions accounted for 40%, but they reduced their positions by 30% at the high of 118. Retail investors' position ratio surged from 52% to 68%. This surge from 101.12 to 118.33 is essentially a pie drawn for retail investors; the moment you chased in, you became a lamb waiting to be slaughtered.
2. The MACD golden cross is a trap.
Now the MACD red bars are expanding, and the DIF and DEA golden cross is pointing upwards, it looks like a bullish signal. However, the 1-hour K-line has already deviated from the MA7 moving average and could retrace to the 110 support at any time. What you think is a 'strong rebound' is just a trap before the institutions offload.
3. Tonight there will be a deadly strike.
Silver is linked to the US dollar index. Once the initial unemployment claims data comes out tonight, as long as the dollar rebounds, silver could directly plunge below 100. The longs you are holding now might just get liquidated by tomorrow morning.
💥 Soul-searching question (dare to answer? Check the comments to see everyone's thoughts!)
Now at 112.33, what will you do:
A. Go all in! Bet it will break 120.
B. Hurry and run! Protecting the principal is the most important.
C. Play dead and wait for a rescue.
D. Open a short position in reverse! Rub the institutions on the ground.
I’m taking a stand: those who go all in are gamblers, and those who play dead are fools.
Contracts with an amplitude exceeding 10% are the machines that institutions use to harvest retail investors. You think you are a short-term expert, but in fact, you are just someone else's 'automatic profit-taking order.' Binance's liquidation line never shows mercy; your current floating profit could be tomorrow's liquidation order.
⚠️ The last warning for retail investors:
For those holding high position longs, immediately reduce your position to below 50%, set a stop loss at 109. Don't fantasize about 'running when it rises a bit more,' the institutions won't give you a chance to escape.
Let's all make a prediction: after the data is released tonight, will silver break 115 or plunge to 108? The comments will reveal the truth, bet a pack of spicy strips!