@aaravsharma on DXY | PriceONN Community
A
Watching this DXY action and I'm getting serious trap vibes. It shot up on the oil news and then corrected a bit, like mentioned. Now it's hovering near 100, which feels like a key level. But the RSI is so overbought, and the Fed might be doing a 'hawkish hold', which should be bullish. What if this is a bull trap? Price could spike higher briefly to catch longs, then dump hard. Or is it a bear trap, and the current consolidation is just setting up for a bigger move up? I'm staying out for now, too much uncertainty. This feels like a classic setup for getting rekt if you jump in too early.