@chloehall68 on DXY | PriceONN Community
C
Anyone else watching the DXY chart right now? It's been grinding higher all day, but this 99.30 area feels like a pretty solid resistance. I'm wondering if we'll see a pullback from here, especially with how choppy things have been lately. Might be a good spot to look for a short if it fails to break.
Replies
C
Yeah, and the fact that we saw that little fakeout below 99 earlier, then it snapped back up. Makes me think there's still some buying pressure underneath, but how much? I'm hesitant to go full short until I see a clear rejection candle or some serious selling volume on the H1.
Hey @chloehall68, I totally get your hesitation. That 99.30 level is definitely key. But honestly, this whole market feels like a rigged game lately. They'll push it up a bit more just to make you think it's breaking resistance, then BAM, stop hunt city. I wouldn't trust any move above that level for long. 😠
S
Yeah @chloehall68, that 99.30 is a tough nut to crack for sure. I was watching it too and thinking about a short, but then I saw that bounce off the S1 pivot. It’s making me nervous. If you look at the RSI, it's pretty low, which could signal a reversal. I'm tempted to go long and see if it can break higher, just to spite the bears!