Silver Price Poised for Breakout: Key Levels and Strategies

27 déc. 2024

SILVER Silver Price Poised for Breakout: Key Levels and Strategies
Analysis:
Price Action Strategy:
Support and Resistance Levels:

The chart shows significant support around 29.4000 and resistance around 30.0000.

The price is currently testing the FVG (Fair Value Gap) level at 29.8016, indicating potential for a breakout.

Volume Profile:

High volume around the 29.6368 level suggests strong interest and potential reversal zones.

Trend Analysis:

The current trend is bullish, with higher highs and higher lows.

Potential for continuation if the price breaks above the FVG level with strong volume confirmation.

Smart Money Concepts (SMC):
Order Block (OB):

A bullish order block is identified around 29.6368, indicating potential buy zones.

The CHoCH (Change of Character) confirms a bullish trend continuation.

Liquidity Zones:

Liquidity observed around the 29.4000 level indicates potential support.

ICT (Inner Circle Trader) Strategy:
Fibonacci Retracement Levels:

Key levels to watch are 0.382 (29.83553), 0.5 (30.0025), and 0.618 (30.16947).

Optimal Trade Entry (OTE):

The OTE zone aligns with the FVG and OB levels, indicating strong potential for a long entry.

Indicators:

RSI: Currently around 60.41, indicating neutral to slightly bullish sentiment.

MACD: Shows a bullish crossover, suggesting potential upward momentum.
Buy Signal:
entry: 29.6368
tp1: 29.8016
tp2: 30.0000
sl: 29.4000

Sell Signal:
entry: 29.8016
tp1: 29.6368
tp2: 29.4000
sl: 30.0000
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27 déc. 2024

Transaction en cours

Sell Signal:
entry: 29.8016

27 déc. 2024

Trade fermée: cible de profit atteinte

ALL TP DONE GREAT JOB