๐ฅ XAG/USDT PERP โ 4H MARKET UPDATE ๐ฅ
$XAG /USDT has shown a sharp reaction after rejecting the 92.30 resistance, followed by a strong sell-off into the 64.50 demand zone. This level acted as a key accumulation area, triggering a solid bounce and signaling that sellers have lost momentum at the lows.
Price is now consolidating near 77.80โ78.20, forming a tight range on the 4H timeframe. This structure typically appears before a volatility expansion, making this zone critical for the next directional move. Bearish pressure has clearly weakened, while buyers are gradually stepping back in.
๐ Key Levels
Support: 75.30 โ 69.20
Resistance: 81.40 โ 87.60
๐ A confirmed breakout above 81.40 could fuel a push toward 87.60, while failure to hold 75.30 may lead to a deeper pullback toward 69.20.
โ ๏ธ Wait for confirmation and manage risk carefully โ Silver is setting up for its next big move.
Not Financial Advice)
Disclaimer: I am not your financial advisor.
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