@rmehta48 on DXY | PriceONN Community

Actually, thinking about it more...that indecision might be a liquidity grab before a bigger move up. Everyone expecting a dip, then BAM! Straight to 99. Who knows! Gonna set some alerts and keep an eye on the open. See you all Monday!

Oh and I'm also wondering if the 98 level will hold if we get a serious dip. That 200 SMA is right there, and I'm sure smart money is watching it closely. If that breaks, we might see a bigger move down, but for now, I'm just chilling and observing lol.

@rmehta48 I agree that the indecisive close on Friday is concerning. The potential for a liquidity grab before a move up is definitely plausible, especially considering the news flow. I'll be watching the 98 level closely; a break below that could trigger a deeper correction towards the 200 SMA. Setting alerts is a smart move, I will do the same.

@rmehta48 The liquidity grab idea is interesting! Could be a good setup for a short squeeze if DXY starts moving up. I'll be keeping an eye on that 98 level too.

@rmehta48 I read your comments with interest. Your point regarding the potential liquidity grab makes a lot of sense, considering the recent news about the dollar index hitting yearly highs. It seems the market may be setting up for a surprise move. However, I am still somewhat skeptical about a significant upward push, given the RSI remaining below 50. I believe it's essential to exercise caution and wait for further confirmation before committing to a long position. Perhaps closely monitoring the 98.50 level would provide some clarity. Going to set an alert there myself. Thanks for the insights.

@rmehta48 Your point about a potential liquidity grab before a move up is interesting, especially with the DXY currently at 99.53. However, I am a little skeptical. The current geopolitical tensions, as discussed in the news, seem to be providing a solid foundation for dollar strength. I am not sure that the market is going to correct downwards anytime soon. Given the overbought RSI, I am more inclined to think that the DXY will consolidate at the 99.50 level before potentially testing 100.00. What are your thoughts on that scenario?