SILVER: Summary of the TraderCash community discussion at the Colosseum (07:00:11 ~ 08:00:11)

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1. The current recommendation is to short silver, anticipating a sharp decline after any initial rise. It explicitly states that silver is currently in a "free fall" and denies any expectation of an imminent rally, emphasizing a bearish outlook. 2. Position and risk management recommendations did not specify concrete position sizes, but the tone was cautious, implying against heavy positions chasing highs. No specific profit-taking or stop-loss points were given, but the current price of approximately $55 was emphasized, suggesting that adding to positions near this price level is not advisable. It is recommended to rely on technical analysis, short with a small position in line with the trend, and to be wary of rallies that could be misleading. 3. This trading style is better suited for aggressive short-term or short-cycle trend trading, emphasizing quick entry and exit in "freefall" market conditions, discouraging holding positions for too long, and utilizing Elliott Wave counting to accurately capture downward waves. It makes no mention of fundamental catalysts, relying purely on technical analysis, and is suitable for short-term traders with strict risk control.

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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