๐ด $FRAX Under Heavy Selling Pressure
The 4H chart shows a strong bearish breakdown with price collapsing from the 0.40 support zone to a new local low of 0.3350. The sharp red candles and volume spike indicate aggressive selling rather than a normal correction.
๐ Technical Outlook
๐น Current Price: 0.3389
๐น Immediate Support: 0.3350
๐น Resistance: 0.3640
๐น Major Resistance: 0.4000
๐น RSI(6): 5.7 โ extremely oversold
โ ๏ธ While the RSI suggests an oversold condition and a short-term bounce is possible, the overall trend remains bearish until price reclaims the 0.364โ0.40 range.
โ Oversold RSI may attract dip buyers
โ Trend is still strongly bearish
โ High selling volume confirms weakness
Trading View: This is currently a high-risk chart. Conservative traders may wait for a confirmed reversal pattern before considering entries. A relief bounce could happen, but catching falling knives is risky.
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