$FRAX saw a sharp sell-off today, and after that quick bounce, $FRAX failed to hold higher levels and got rejected again near the 1.00 area. The structure still looks weak on the lower timeframe, with sellers defending the upper zone and price struggling to reclaim it. As long as FRAX stays below this rejection area, downside continuation toward the previous liquidity zone remains likely.
Trade setup
Short FRAX/USDT
Entry: 0.995 – 1.010
Targets: 0.965 → 0.940 → 0.923
Stop loss: 1.020
FRAXUSDT
Perp
0.9733
+3.98%