$FRAX / Frax Finance — Sell the Rally, Not the Hype 🔥
FRAX snapped back hard from 0.78, but that bounce ran straight into a wall of supply. The rejection near 0.9315 wasn’t random — it was loud, sharp, and telling. Volatility expanded, emotions spiked… and continuation failed. That’s usually where smart money fades the move.
This isn’t weakness — it’s distribution.
📉 Bias: SHORT (Sell-the-Rally)
Rallies into resistance look like exits, not entries.
🎯 Entry Zone: 0.9200 – 0.9350
Fade price as it pushes back into the prior rejection zone.
🛑 Stop-Loss: 0.9480
Clean acceptance above the range high = idea invalidated.
💰 Targets:
TP1: 0.9000 → Pullback into EMA7–EMA25 cluster
TP2: 0.8750 → Mean reversion toward prior base
TP3: 0.8450 → Deeper unwind into EMA99 if momentum dries up
🧠 Market Read
As long as $FRAX
fails to reclaim and hold above 0.94, downside risk stays elevated. Bulls had their chance — and they hesitated. If price accepts above 0.94, step aside and flip neutral. Until then, rallies are opportunities.
⚠️ Patience wins here. Let price come to you. No chasing. No emotions.
👇 Trade like a sniper, not a gambler.