Can $MCX:SILVERM2! Test 72000 Level before End of this Year ?
Updated
Dear Followers
I have identified a potentially lucrative opportunity in the
SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines.
📊 Key Factors:
Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks.
Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding.
Strategy:
SellSILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000
Time Frame 30-45 Days
Investment required= 48000
Maximum Loss = 6000
Profit Upto = 30000
Best Regards,
Ajay Metha
I have identified a potentially lucrative opportunity in the
SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines.📊 Key Factors:
Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks.
Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding.
Strategy:
Sell
SILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000Time Frame 30-45 Days
Investment required= 48000
Maximum Loss = 6000
Profit Upto = 30000
Best Regards,
Ajay Metha
Trade active
Tested 76500Note
76100Note
Made Low 73850Trade closed: target reached
Target Done
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