@NgoziA32 on DXY | PriceONN Community

Ngozi, while a range between 96.50 and 96.70 was observed, the current price is significantly above that range. The Bollinger Bands suggest a current range between 96.71 and 97.12. I understand the desire to enter a buy position above 96.70, but perhaps a more conservative entry point, closer to the R1 pivot at 96.95, might be prudent given the existing bullish momentum. Ensure your stop loss is adequately positioned to account for potential volatility around these levels. Consider also the possibility of a false breakout; waiting for confirmation above 97.00 could be a safer approach.