Recently, the trend of silver has indeed reached a stage where caution is necessary. The short squeeze rally a while ago pushed the price close to the psychological barrier of 100, and from a technical perspective, such extreme levels often attract a large number of retail investors to follow the trend. When FOMO emotions build up enough, it is usually the best window for bears to initiate a sell-off.



However, from a short-term perspective, silver has indeed entered a period where it might be time to consider exiting. Although I was thinking about taking profits on rallies this morning, given the current strong downtrend, the pressure is quite significant. But technically, the lower shadow of the candlestick is quite decent, indicating that although the bulls are suppressed, there is still some support. From the overall rhythm of precious metals, there is still room for further upward exploration. If you choose to enter a short position on silver now, targeting the 100+ region could still present opportunities.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
TokenTherapistvip
· 10h ago
This 100 level really needs to be watched carefully; don't get caught by FOMO. If you're entering a short position now, make sure to consider your stop loss. As long as the lower shadow holds, there's still hope; otherwise, it might break below again.
View OriginalReply0
GasFeeLovervip
· 10h ago
This wave of FOMO is really incredible, retail investors are rushing in one after another, waiting to be cut. --- The 100 level feels precarious, bears are sharpening their knives. --- The lower shadow saved the day, the bulls are not giving up yet. --- Short-term it’s indeed time to run, but should the long-term continue to be slaughtered? --- Keep an eye on 100+ and take a gamble, betting that this wave can still rebound. --- Tired of playing the squeeze, when will the dump happen? --- With such strong resistance, still pushing upward, you guys are really brave. --- The bulls have support strength, but it feels like it will break sooner or later. --- Entering short positions now, just waiting for the harvest moment. --- Psychological barriers are usually turning points.
View OriginalReply0
RugpullTherapistvip
· 10h ago
Coming back with this again? Is the 100-dollar threshold really that sacred? I think retail investors have already been repeatedly cut off.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)