📉 $FRAX USDT: Bearish Setup – Upside Momentum Stalling
The recent push higher for $FRAX has failed to find clean acceptance above key levels. We are seeing fading upside momentum as sellers begin to lean in, suggesting that the recent move was a corrective bounce into resistance rather than a true trend reversal.
With rejections appearing in the current zone, the downside continuation remains the favored path as long as supply remains active.
⚡ Trading Plan
Direction: Short
Entry Zone: 1.14 – 1.17
Stop Loss (SL): 1.21
🎯 Take Profit Targets
TP1: 1.10
TP2: 1.06
TP3: 1.02
🔍 Market Analysis
Momentum: The "buy-the-dip" volume is thinning out, and the price is struggling to maintain higher lows on the 4H/1D timeframes.
Supply Zone: Resistance between 1.17 and 1.20 is holding firm. As long as this zone caps the price, the bias remains bearish.
Outlook: Expecting a retest of the $1.00 psychological support if the current breakdown holds.
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$FRAX trade here 👇
