🚨 Bearish Consolidating, consider Shorting on weakness

Recent K-line data shows declining volume during rallies from 1.005 to 1.282) and increasing volume during sell-offs (drop to 1.005), indicating distribution and weak buying interest. The latest 1h candle has low volume, suggesting lack of conviction.

Entry short $FRAX :

• Enter short near resistance 1.170–1.180 if price fails to break above MA5 or BOLL middle band. • Alternatively, a break below 1.091 (BOLL lower band) could signal further downside.

Stop-Loss: Set at 1.20 (above key resistance and MA10)

Target Price $FRAX : Aim for 1.055 (support), If broken, next target is 1.005 (lower support)

Support me just Click below to Trade 👇 Cheers

FRAXUSDT

Perp

1.0048

-10.43%

#frax #fraxusdt