Mid term long silver

This is my first non crypto idea. I've read/heard commodities are the most similar to crypto to trade, so i'm going into them. I'm opening quite a big position in here for my standars thanks to leverage.

Here are my technichals to support this long setup.

Three weeks downwards tend broken
Daily RSI and MACD bull divergence
Bottomed at +1year three points ascending trendline
Weekly candle suggesting bottom and trend reversal (see chart below)
Daily MACD bullish cross inminent

Entry: 16.439 (or monday weekly open)
Target: 17.822
Stop-loss: 15.653
Leverage: x5

Note

Some more supports for a long setup:
200 monthly EMA

150,75 Weekly MA cross

Note

MACD crossed bullish.
Also 8, 13 MA bullish cross.

Note

Silver keeps a slow scalation to our target. No way near of the crypto thrill, but you can sleep at nights lol
Stops will be filled, market won't collapse 30% over night... after over a year trading crypto this feels like a pretty calmed market.

Note

Moved my SL up to 16.9

bagofXMR

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bagofXMR

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