$FRAX
/USDT Market Overview (1H)
FRAX is trading around 0.9011 after a sharp impulse that peaked near 1.0583, followed by a structured pullback into a key demand zone. Price is now stabilizing just above the Supertrend support at 0.8925, signaling that sellers are losing momentum and the market is transitioning from correction to balance.
Market Structure: Strong expansion leg followed by a controlled retracement. The pullback respected higher-structure support, suggesting healthy profit-taking rather than trend failure. As long as FRAX holds above the 0.89 zone, the broader bullish structure remains valid and opens room for a recovery leg.
EP (Earn Profit): 0.8950 – 0.9050 zone on support confirmation
TP (Take Profit): TP1: 0.9300
TP2: 0.9700
TP3: 1.0200 if momentum rebuilds and volume steps in
SL (Stop Loss): Below 0.8850 on candle close
Bias: Bullish recovery setup. This is a structure-based trade — patience around support favors professional positioning while the market decides the next expansion.