Short DXYZ a Good Idea? All that talk about DXYZ being this and that. But, the analysis is in and this looks like it can trend lower. It has already crossed the 20 and 50 day moving average and is headed to test the 100 day moving average. We hopefully will see a stop at the 100 day moving average but for now, it looks to move closer to that 100 day moving average with a good $4 drop.
Let's see where it goes.
DXYZ trade ideas
2 Minute DXYZ Analysis: Key Levels to Watch for the Next MoveWe hit our 34 target on DXY, but what’s next? If we break above 49, we could see a solid bull run. However, if weakness continues, we might test lower levels at 31, then 29, and possibly 23.50 for a deeper correction.
Watching these levels closely—what’s your outlook on DXY? Drop your thoughts below.
Kris/Mindbloome Exchange
Trade Smarter Live Better
Can DXYZ Reach $199? Here’s How!Good morning, trading family!
DXYZ is at an important point, and here’s what could happen:
-If the price breaks above $62.74: We’re looking at a first target of $127, with the potential to climb to $199 or higher.
-If the price falls below $56.12: We could see a drop to levels between $43-$46.
This is a setup worth watching. Let’s stay sharp and trade smart!
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Kris/Mindbloome Exchange
Trade What You See
DXYZ I posted yeateday as a potential breakout of this pattern. I was leaning on the bullish end with a target of 68 if we could breakout of 55 and hold. We struggled and found reistance there.
I had a long opened at the support
Of 51$ which ended up breaking. I discussed if we lost 49 $ o would stop out and look for target of 37$
We ended up breaking around 430 pm and I closed it trade for small loss. As of now DXYZ has reached the price target of 37$ which could be an area to look for bounce back to 46$ which is the .618 fib
Market is weak but I think this support holds for short term bounce zone
DxyzThis stock has been getting amazing action!
It’s super volatile but since it’s now got a monster rejection from 100+ area we can now find retracement fibs to see
Where could we get a bounce.
This has found support bounce off .618 fib of 46$ and currently trading and considlating under the 50% retracement.
If we can get a breakout of this current triangle , which is super tight right now, we can see a push to first retest 56.70 which is the 50% retracement but overall targeting the .382 fib at 68$
I have been currently buying the 51$ area with stoploss at 49$ risking 1$ per share right now. If we get a breakout above 55$ that’ll be breakout if the triangle and holding above 56.70 is gearing up to retest 68/69$ area
I am looking for a bullish push, Howver this is very volatile and a break and hold below 49$ is a stoploss to the trade as the downside tarhet os 37$ so be ready with risk management !! Good luck to all I hope we all make money on this trade