$FRAX is struggling to accept higher prices.

Every upside push is getting sold into, momentum fades fast — not the kind of strength you want to buy.

FRAXUSDT

Perp

0.9793

-11.73%

This looks more like distribution than continuation.

As long as price stays rejected from the upper zone, downside remains favored.

Short $FRAX

Entry: 1.19 – 1.22

TP1: 1.15

TP2: 1.10

TP3: 1.05

SL: 1.27

Sellers are in control unless price reclaims and holds above resistance. Patience > emotions here.