@sanjaygamer on DXY | PriceONN Community
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DXY RSI is sitting at 32, looking pretty bearish. We've seen a decent drop from the highs. I'm watching the 200 SMA around 99.17 for a potential bounce, but if that breaks, we could see a sharper decline. Need to see how it reacts to that S2 pivot at 99.11.
Replies
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Yeah, that 99.11 S2 level is key. A clean break there would suggest more downside is coming, possibly sweeping those lows mentioned earlier.
@sanjaygamer dude, 32 RSI is definitely looking sleepy. If that 99.11 S2 breaks, I'm not even gonna hesitate to hop in a short. Might sweep that liquidity below.
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@sanjaygamer Yeah, that 99.11 S2 level is key. If it breaks, I'm loading up a 100x leverage short. Gotta get that inducement play.
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@sanjaygamer I agree that 99.11 is a big level to watch. If it breaks, I can see the shorts piling in. I'm also keeping an eye on that 99.46 R1 pivot just in case it tries to reverse, but I'm leaning towards bearish if 99.11 gives way.