@kchopra783 on DXY | PriceONN Community
K
Seeing DXY blast through 100 is pretty wild, especially with that RSI already way up there. I'm watching the 100.00 level closely – feels like a big psychological area. If it can hold above that and maybe even break R1 at 99.87, that would be a strong bullish sign. But then again, that RSI is screaming overbought, so a pullback to around 99.50 would also make sense. It's like a tug-of-war between the news driving risk aversion and the technicals saying it's overheated. Has anyone seen a similar setup before where overbought conditions persisted for a while due to external factors? Trying to figure out if this is a 'liquidity grab' scenario or the start of a bigger move up.
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Whoa @kchopra783, you're saying DXY is going to 100?? 🤯 That sounds kinda scary tbh. I'm still pretty new to this and my demo account is already feeling the pain when it moves too much. Like, if it hits 100, does that mean it's gonna crash right after or something? The RSI being so high is making me nervous too, it feels like it's too much too soon. I saw a little bit of resistance around that 99 level earlier, I think? It's just so hard to tell if it's going to keep climbing or if it's about to fall off a cliff. I really hope it doesn't dump on me, I just started trading this pair yesterday and I don't want to lose all my fake money already! 😅