XAG: Summary of the Theafiro community discussion (13:00:10 ~ 14:00:10)

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1. Current Recommended Direction: The recent sell-off in XAG has little correlation with BTC's price action; their movements are independent. Currently, XAG is showing clear directional signals, but there are no indications of overextended upward movement or a pullback. It's currently in a tentative entry phase. It's recommended to wait for confirmation of the short-term direction before making a definitive long or short decision. 2. Position Size and Risk Management Recommendations: There are no specific guidelines for heavy or light positions. It's recommended to enter with trial trades and gradually add to positions after observing market reactions. No specific stop-loss or take-profit levels or timeframes are mentioned. Emphasis is placed on cautious position control to avoid blindly chasing highs and lows. 3. Suitable Trading Style: This strategy is suitable for aggressive short-term trading, relying on early morning directional signals for quick entry and exit. Long-term holding or prolonged positions are not recommended. Because the price action is decoupled from BTC, independent judgment is necessary, focusing on quick entry and exit. Adjustments should be made only after subsequent catalysts or trend confirmation.

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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