The price of $FRAX has made a strong recovery of +26.65% to reach $1.0121 after touching the bottom at $0.7600. The price has successfully regained the EMA 7 (0.9209$) and EMA 25 (0.8925$) averages on the 4-hour chart, indicating a strong reversal in trend. The price is currently testing the psychological resistance at $1.00; turning this area into support paves the way for continued upward movement towards the next liquidity cluster at $1.18.

FRAXUSDT

Perp

0.8441

-17.21%

Trade Details

Type: Buy / Long (Confirmation of resistance turning to support)

Entry Price: $0.985 - $1.015

Take Profit (TP): $1.150

Stop Loss (SL): $0.910 (Below EMA 7 support)

Leverage: Medium (5x - 10x)

Risk Warning: Sudden volatility at the $1.00 level may lead to hitting stop-loss orders. Stick to a strict stop-loss.