Silver: Crazy Trade against The Main Trend

The super trade against the main trend should look like this. The market looks overbought. RSI line is in the overbought zone, and it is going to give us a solid bearish signal. The price bounces from 23.00USD round number. In spite of bullish signals from MACD and DMI, we can expect a correction movement toward SMA50. If the price stays below the resistance level and we don't have a new high, the market will be able to start moving down. It will be better to search for the exact sell signals using the hourly timeframes.

If the price moves above 23.50USD, the next resistance will be at 25.00USD, where we will be able to use the same trading idea.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.