$FRAX has shown strong recovery after a deep pullback, forming a rounded bottom structure on the 4H timeframe. Price is now trading around $1.00, reclaiming a key psychological level with increasing volume.

FRAX

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🔹 Momentum:

RSI is around 71, indicating strong bullish momentum, though short-term cooling or consolidation is possible.

🔹 Key Levels:

Support: $0.90 – $0.88

Major Support: $0.76

Resistance: $1.05 – $1.08

Breakout Zone: Above $1.10 → potential move toward $1.25+

🔹 Structure Insight:

As long as FRAX holds above $0.90, the bullish structure remains intact. A successful breakout above $1.08 with volume could trigger the next impulsive leg.

⚠️ Note: RSI is in overbought territory, so risk management is important. Wait for confirmation on breakout or pullback entries.

Trend Bias: Bullish 📈

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