$FRAX /USDT SHORT TRADE SETUP
$FRAX is currently trading at 0.7608, showing sustained downward pressure as it approaches its all-time lows. The 15m chart highlights a failed attempt to maintain momentum near the 0.7776 local peak, followed by a series of red candles that reflect building selling sentiment. The price has dropped -12.11% in the last 24 hours and is currently consolidating just above a critical support level at 0.76, positioning itself for a potential further breakdown.
Target Points
TP1: 0.7450
TP2: 0.7200
TP3: 0.6850
Stop Loss
Set stop loss above 0.7850 to manage risk against a potential relief bounce or a return to the consolidation zone.
Buy and Trade here on $FRAX
FRAXUSDT
Perp
0.7263
-5.30%