$FRAX consolidating after spike taking profits and re-entering short.

SHORT $FRAX (Re-Entry)

Entry: 1.1853 – 1.2000

SL: 1.2400

TP1: 1.1400

TP2: 1.1000

$FRAX rallied +19.25% from $0.9210 to $1.2830 but is now showing rejection from the highs with clear distribution. The chart displays a parabolic spike followed by selling pressure, indicating the move may be exhausted. After such an aggressive vertical move, these DeFi tokens typically retrace significantly as profit-taking accelerates and late buyers get trapped. The current consolidation sets up for another leg down.

Trade FRAX here 👇

**Congratulations on the successful long trade!** 💪 Now repositioning for the next move down.