$FRAX
FRAX
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/USDT — Pressure Cooling After Sharp Selloff
FRAX has seen a heavy 1H pullback from the 1.05 area, with price now sitting around 0.85, right above a short-term demand zone. Selling momentum is slowing, candles are compressing, and the Supertrend remains overhead near 0.93, acting as key resistance. As long as 0.83–0.84 holds, this looks more like stabilization after distribution rather than panic continuation. A reclaim above 0.90–0.93 would be the first signal that buyers are regaining control; otherwise, consolidation is likely before the next move.
Trade Setup
Direction: Cautious Long (reactive)
Entry Zone: 0.84 – 0.86
Target 1: 0.90
Target 2: 0.93
Target 3: 0.98
Stop Loss: 0.82