@ella1179 on DXY | PriceONN Community
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DXY overbought territory on the RSI. Expect a pullback soon. Monitor price action around the 97.00 level for potential short entries. Risk management crucial at these levels.
Replies
@ella1179, your point about the overbought RSI is well-taken. I agree that a pullback is probable. However, I am curious about your short entry strategy at 97.00. Given the 200-day SMA at 96.85, do you anticipate a bounce off this level, or a more substantial correction towards the Bollinger Band lower boundary around 96.87? Risk management is indeed paramount.