Hello Traders,
Silver is sitting at a pretty interesting level right now.
After breaking below the Value Area Low (VAL) of the volume profile, price has dropped straight into a Naked Point of Control (NPOC), a major level that hasn't been revisited in months. We're also trading at the lowest price since July 26.
This is definitely not the kind of setup I'd blindly jump into. The 4H structure is still bearish, momentum is clearly to the downside, and there's no confirmed reversal yet.
However, this is exactly the type of area where I start paying attention.
If buyers manage to defend this NPOC and we see some signs of absorption followed by a shift in short-term structure, there's a pretty attractive long opportunity here.
The potential setup:
- Entry: $55.80
- Invalidation: $54.64
- First target: $64.80
- Potential R:R: ~7.8:1
The $64.80 area is particularly interesting. We've got a cluster of daily EMAs, imbalances, and single prints on the 4H chart, making it a logical area for price to revisit if a meaningful recovery develops.
Catching a reversal in a strong downtrend is never easy, and a major level doesn't automatically mean a bottom. Silver could easily continue lower if buyers fail to step in.
I'd rather see some confirmation around this NPOC before committing to the long. Ideally, buyers defend the level, selling pressure starts fading, and we get a reclaim of nearby structure.
If that happens, the upside potential relative to the defined risk becomes difficult to ignore.
If $54.64 breaks, the idea is invalidated. No reason to fight the trend.
Not calling a bottom here. Just identifying a major level where the risk/reward could favor the bulls if the market gives us a reason to take the trade.
Patience first. Confirmation second. Execution last.
Cheers,
Silver is sitting at a pretty interesting level right now.
After breaking below the Value Area Low (VAL) of the volume profile, price has dropped straight into a Naked Point of Control (NPOC), a major level that hasn't been revisited in months. We're also trading at the lowest price since July 26.
This is definitely not the kind of setup I'd blindly jump into. The 4H structure is still bearish, momentum is clearly to the downside, and there's no confirmed reversal yet.
However, this is exactly the type of area where I start paying attention.
If buyers manage to defend this NPOC and we see some signs of absorption followed by a shift in short-term structure, there's a pretty attractive long opportunity here.
The potential setup:
- Entry: $55.80
- Invalidation: $54.64
- First target: $64.80
- Potential R:R: ~7.8:1
The $64.80 area is particularly interesting. We've got a cluster of daily EMAs, imbalances, and single prints on the 4H chart, making it a logical area for price to revisit if a meaningful recovery develops.
Catching a reversal in a strong downtrend is never easy, and a major level doesn't automatically mean a bottom. Silver could easily continue lower if buyers fail to step in.
I'd rather see some confirmation around this NPOC before committing to the long. Ideally, buyers defend the level, selling pressure starts fading, and we get a reclaim of nearby structure.
If that happens, the upside potential relative to the defined risk becomes difficult to ignore.
If $54.64 breaks, the idea is invalidated. No reason to fight the trend.
Not calling a bottom here. Just identifying a major level where the risk/reward could favor the bulls if the market gives us a reason to take the trade.
Patience first. Confirmation second. Execution last.
Cheers,
@TurttleTrader | AlphaShell Pro Suite.
A professional-grade indicator for TradingView
Access: alphashelltrading.com
A professional-grade indicator for TradingView
Access: alphashelltrading.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
@TurttleTrader | AlphaShell Pro Suite.
A professional-grade indicator for TradingView
Access: alphashelltrading.com
A professional-grade indicator for TradingView
Access: alphashelltrading.com
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.