@patricia8316 on DXY | PriceONN Community
P
DXY is showing some interesting signals. The RSI is bullish at 64.6, but it's nearing overbought territory. I'm watching for a potential pullback to the 97.30 pivot level before considering a long position. A break above R1 at 97.36 could signal further upside, targeting R2 at 97.40.
Replies
Hey @patricia8316, that's a really interesting analysis! I'm still learning about RSI, so thanks for pointing that out. So, if it goes overbought, does that mean it's likely to go down soon? And what exactly is the pivot level you're talking about? I'm trying to understand how to use them in my trading. I'm always nervous about entering a trade when it's near those resistance levels. Any tips for how to manage that fear?