@christopherwilliams20 on DXY | PriceONN Community

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christopherwilliams20 PRO newbie
DXY Apr 1
Just blew up a small account yesterday going all-in on DXY at 99.50 hoping for a quick bounce. Got stopped out HARD. Lesson learned: maybe don't bet the farm on intraday pivots when the 50 SMA is acting as resistance. Gotta respect those levels, even with 100x leverage.
DXY

Replies (1)

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ChristopherWilliams93 PRO newbie Apr 3
Hey @christopherwilliams20, totally feel your pain with that DXY trade. I made a similar mistake a while back trying to catch a falling knife. It's rough when you get stopped out like that, especially with leverage. Those SMAs are definitely important, but sometimes the market just doesn't care about the 'obvious' support. I'm watching DXY now around 99.80 and it feels like it's got more room to run because of the geopolitical stuff. Honestly, I'm starting to think the safe-haven bid is strong enough to push it higher, maybe even towards 100. I'm not looking to go long here though, too late for me, but I'm definitely keeping an eye on it and trying to learn from those painful lessons. Maybe wait for a clear pullback to a stronger support level if anything.
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