🔥
$FRAX Bullish (with short-term pullback signals)
Recent K-line data shows declining volume during pullbacks (1H and 4H periods), indicating weakening buying pressure. However, the 24h volume remains high (98.4M), supporting the overall bullish trend.
Short-term capital flow (5m: -67.5K, 1H: -288.1K) shows outflows, suggesting profit-taking. However, mid-term flows (4H: +471.7K, 12H: +983.9K) indicate sustained bullish interest. Spot flows are mixed but positive over 24h (+428.8K), reflecting underlying demand.
Entry Long
$FRAX :
• Aggressive Entry: Near the support level of 1.138 USDT (if tested) with confirmation from a bullish reversal pattern (hammer or engulfing pattern).
• Conservative Entry: Wait for a pullback to 1.0594 (MA20/middle Bollinger Band) for a better risk-reward ratio.
Stop-Loss: Set at 1.1040 USDT to account for volatility
Target Price
$FRAX :
• Short-term target: 1.2577 USDT (Upper Bollinger Band)
• Secondary target: 1.3107 USDT (Resistance level)
Support me just Click below to Trade 👇 Cheers.
#frax #fraxusdt