@O_Rodriguez on DXY | PriceONN Community
This DXY volume is kinda weird right now. It bounced off that 97.70 level but the volume on the upswing isn't exactly screaming strength, you know? It's like, who's actually buying this aggressively? Feels like a dead cat bounce waiting to happen. Remember how the RSI was sitting around 42? That's not exactly bullish momentum. If we don't see volume pick up significantly on any upward push, I'm expecting this thing to roll over. We need to see some conviction, otherwise this is just noise before a bigger drop. I'm keeping my eye on that 200 SMA too, that's a big level. Don't want to be long if the volume isn't there to back it up.