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XAG current quote 78.23, short-term pattern worth paying attention to. The movement in the past 15 minutes is particularly interesting——the average range of 10 candlesticks is only 0.7%, a typical feature of the accumulation phase.
Looking at the details, the third candlestick once surged with volume to 78.45 (a 1.43% increase), but the energy quickly weakened afterward, and by the tenth candlestick, there was almost no fluctuation. What does this indicate? Both bulls and bears are in confrontation, and once a breakout occurs, it can easily trigger a chain reaction.
In terms of operation, such a situation requires waiting for signals. If a breakout happens, focus on the previous high at 78.90. If it breaks above, consider entering a small long position, targeting around 79.60-80.00. Conversely, if it breaks below the support at 77.80, be cautious of a retest of the previous low at 77.20. The most prudent approach right now is to continue observing and wait for a clear breakout or breakdown signal.
A trading tip: in low-volatility environments, big moves often occur, so setting stop-losses is crucial. It is recommended to plan within a range of 0.8-1.2%.