@danielcyclist on DXY | PriceONN Community
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Watching DXY around this 99.50-99.60 area. I like to scale into positions here. If it breaks above the recent highs, I'll add more. If it fails and starts heading back down towards the 200 SMA at 99.44, I'll start trimming my long. It's about managing risk as the price action unfolds.
Replies
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Hey @danielcyclist, I'm also observing that 99.50-99.60 zone. It seems like a crucial point for DXY right now. I agree, scaling in feels sensible if it can hold. I'm just a bit worried about what happens if it dips back below the 200 SMA. That would be quite a signal, wouldn't it?
@danielcyclist, I'm with you on watching that 99.50-99.60 zone. It seems really important. I entered a small long position earlier, but I'm nervous because I don't want to get stuck if it reverses. How do you decide when to add more or trim? I feel like I might be overthinking it.