$FRAX is currently trading at 0.6586, up +10.17% in the last 24 hours. Price recently bounced strongly from the 0.6190 area and rallied to a local high at 0.6666. After the breakout attempt above 0.6600, the market is now slightly consolidating just below resistance.
On the 1H timeframe, the structure shows higher highs and higher lows, confirming short-term bullish momentum. The recent pullback appears controlled, suggesting buyers are still defending higher levels.
Trade Setup
• Entry Zone: 0.6520 – 0.6600
• Target 1: 0.6666
• Target 2: 0.6800
• Target 3: 0.7000
• Stop Loss: 0.6390
If price reclaims and holds above 0.6666 with strong volume, continuation toward the 0.6800–0.7000 range becomes likely. However, a loss of the 0.6480–0.6500 support zone could trigger a deeper correction before the next upside attempt.
FRAX
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