$FRAX Strong bullish momentum after short-term consolidation
Buyers in control, but price approaching overbought conditions and key resistance
Key Zones:
Support Zone: 0.840 – 0.860
Resistance Zone: 0.935 – 0.945 (near MA99)
Trade Setup (Long – Pullback / Current Momentum):
Entry Zone (pullback preferred):0.845 – 0.865
Current Entry (if chasing): 0.9044
Take Profit Targets:
TP1: 0.935
TP2: 0.940
TP3: 0.945
Stop Loss: Below 0.835
Price Action Insight:
FRAX has reclaimed key short-term moving averages and is forming a higher-low structure on the 4H chart. RSI(6) at 71.03 signals overbought momentum, so minor consolidation or pullback is likely before continuation. MACD shows bullish divergence supporting upside. The 0.935–0.945 zone may act as strong resistance, so plan take profits accordingly.
FRAXUSDT
Διην.
0.8627
+5.02%