SILVER: Summary of the TraderCash community discussion at the Colosseum (20:00:10 ~ 21:00:10)

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1. Current recommendation: Short-term short. Silver (SILVER) is currently in a freefall, and a rebound to around 84.5 is expected in the short term. This level coincides with VWAP and is a potential short-term short area. Without clear signs of upward momentum or tentative entry points, focus on shorting opportunities after the rebound. 2. Position and Risk Management Recommendations: It is suggested to initiate a short position with a small position size around 84.5, using this level as an entry point for short-term short. The current update does not specify stop-loss or take-profit prices, but it implies that a rebound to 84.5 is a key short-term trading area. It is recommended to set a short-term stop-loss to quickly capture selling opportunities during rebounds and avoid excessive price increases. Without clear timeframe indicators, quick entry and exit are necessary. 3. Suitable for Trading Styles: This strategy is suitable for aggressive short-term traders who aim to capitalize on rebounds and quickly short short positions. It is not advisable to hold positions for too long. Based on yesterday's price action and key VWAP price levels, this short-term technical rebound short-selling strategy lacks significant fundamental catalysts, emphasizes the art of technical analysis, and is suitable for short-term, high-frequency trading.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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