@msmith419 on DXY | PriceONN Community
DXY reminds me a bit of how crude oil behaved last year before its big correction. Everyone was super bullish, momentum was strong, and then BAM, liquidity grab and huge selloff. RSI is way overbought here too. Be careful going long at these levels. Could be setting up for a fall.
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oh and another thing, the 100 level is a major psychological resistance. Lots of ppl will be looking to short it there, so be ready for a potential reversal. Just my 2 cents.
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@msmith419 You make a good point about the psychological levels. 100 is definitely a big hurdle. I saw that RSI divergence too, looks a bit toppy. 👀 Definitely keeping an eye on it for potential shorts if it fails to break higher.