$XAGUSD
Silver has reached the 74 upper price level, which acts as a key liquidity zone where rejection is highly likely. From this area, price could pull back toward 70.72, serving as my 50% entry zone for potential long positions. For a more refined setup, I am watching 70.01 as a stronger entry, while 65.21 remains the most ideal level, as both zones represent imbalance areas that price often revisits over time.
On the 1-hour timeframe, price structure is forming a falling wedge pattern, typically considered bullish. If this setup confirms with volume and momentum, it could trigger a move to the upside, supporting a continuation scenario.
Silver has reached the 74 upper price level, which acts as a key liquidity zone where rejection is highly likely. From this area, price could pull back toward 70.72, serving as my 50% entry zone for potential long positions. For a more refined setup, I am watching 70.01 as a stronger entry, while 65.21 remains the most ideal level, as both zones represent imbalance areas that price often revisits over time.
On the 1-hour timeframe, price structure is forming a falling wedge pattern, typically considered bullish. If this setup confirms with volume and momentum, it could trigger a move to the upside, supporting a continuation scenario.
