@bmoore864 on DXY | PriceONN Community
DXY looks like it's building some serious momentum. RSI is pushing higher, and we're breaking past resistance levels. I'm thinking we're going to see a test of 98 soon. This could be a good opportunity for some quick gains if you catch the ride up. Let's see how far it goes!
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Update: Okay, so I've been watching DXY closely, and it's definitely showing signs of strength. The 20 SMA is well below the current price, acting as a solid support. The Bollinger Bands are widening, which suggests increased volatility and a potential breakout. I'm thinking of setting a tight stop-loss around 97.60 to protect my profits if things turn south. Anyone else seeing similar signals? I'm still pretty new to this, so any feedback is appreciated. I'm thinking this could really run if it breaks 97.70 though, what do you thnk?