Watching $FRAX around 1.1984, this move already feels a bit stretched in the short term. From experience, when price pushes this fast without much pause, it usually needs time to cool off before going higher again.

Personally, I’m not chasing it up here. I’d rather see how it behaves if it pulls back toward the 1.17–1.18 area. If buyers defend that zone, the structure stays healthy and continuation is on the table.

For now, this is more of a wait-and-observe situation for me. Chasing strength after an extended push is how traders get trapped. Patience always pays more than excitement in spots like this.