$FRAX /USDT BEARISH RANGE REJECTION WITH DOWNSIDE PRESSURE BUILDING
FRAX/USDT continues to trade within a defined horizontal range, with repeated failures to sustain above the upper resistance zone. The price action shows clear rejection wicks near resistance, indicating strong selling pressure and lack of bullish follow-through.
The structure is shifting toward lower highs on the intraday timeframe, signaling weakening momentum. With price hovering near the mid-to-upper range and failing to break out, the likelihood favors a move back toward lower support levels.
Market Bias: Bearish
Entry (Short):
Sell in the 0.4625 – 0.4660 resistance zone or on confirmed rejection from the upper range.
Targets (TP):
TP1: 0.4550
TP2: 0.4500
TP3: 0.4450
Stop Loss (SL):
Above 0.4700 (range breakout and bearish invalidation)
Risk Management:
Risk 1–2% per trade, avoid entering without confirmation at resistance, and lock in profits at support zones while adjusting stop loss to protect capital.
#TechnicalAnalysis #CryptoTrading #FRAXUSDT #BearishTrend #RangeTrading $FRAX
