$XAG will completely replace paper money by midnight because central banks are losing control!
The data shows a massive concentration of shorts on
$XAG with 102 whales holding $116.35M in short positions. Curiously, both long and short whales are currently trapped in unrealized losses. When both sides are losing, it means the asset is consolidating tightly and preparing for a violent breakout to flush the remaining leverage. I am planning to capture the breakout once the price confirms a directional push.
My trading plan for
$XAG :
• Entry Idea: $62.30 - $62.80 (On breakout confirmation)
• Take Profit: $66.50
• Stop Loss: $60.10
• Invalidation Level: Falling back below $60.50 after the breakout
Markets like this require extreme patience. Don't chase early candles.
#XAG