@kaylathompson78 on DXY | PriceONN Community

Update: RSI nearing overbought territory, so a minor pullback might be healthy before the next leg up. Will watch the 97.50 level for support.

To elaborate on my previous comment, I'm closely watching the 50-day SMA, currently at 97.19. A sustained break below this level could signal a shift in the short-term trend. Furthermore, the Bollinger Bands indicate increasing volatility, suggesting the possibility of significant price swings in the near future. I believe a prudent approach involves employing trailing stops to protect profits and limit potential losses. Hedging strategies should also be considered to mitigate risks associated with unexpected market reversals. I'm considering short-term put options to hedge against a potential pullback.