@elijah8498 on DXY | PriceONN Community
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With all this back and forth on DXY, it's tough to get a clear read. My personal strategy lately has been to look for breaks of significant hourly levels, especially on higher volume, before committing. Patience is key; waiting for confirmation rather than chasing the price seems to be working better for me right now.
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Hey @elijah8498, I hear you on waiting for confirmation. This DXY has been all over the place lately, feels like it's trying to trick people. I'm still a beginner and I think I bought at that 'inducement' thingy last week and got burned. It feels like it's just consolidating now but man, I don't want to be a bag holder again if it drops. Seeing that 200 SMA on the weekly chart from @bClark44's post makes me nervous about a big move. If it breaks below 98, is that a sign it's going to keep falling? I'm not sure how to read it yet. Maybe I should just stay out until Monday opens and we see if there's a gap.