⚡ $XAG bouncing hard! +9.5% pump testing the crucial 50 EMA resistance. Break or fail?
LONG if it clears the 50 EMA:
• Entry Zone: $87.50 - $88.00 (On a confirmed break above EMA50)
• TP1: $90.00 | TP2: $92.50 | TP3: $95.00
• Stop-Loss: $86.00 (Below the EMA20 and breakout level)
Logic: Price is showing strength by reclaiming the 20 EMA. A daily close above the 50 EMA would signal a potential trend reversal and could trigger a short squeeze towards the next resistance. The high volume confirms real buying interest.
Bullish reversal or bearish rejection? The 50 EMA is the ultimate test. 🎯