THE BULLS ARE EXHAUSTED!😁
$FRAX just painted a picture-perfect rejection wick at 0.2491! The 24h High is holding like a brick wall.
We are seeing lower highs and a massive volume surge that failed to push price up!
📉 My Take:
This is a classic Bull Trap. The "Last Price" is struggling to stay green ($0.2488) while the Mark Price is lagging at 0.2492. The market is telling us to go down.
The Sniper Entry:
· Signal: SHORT
· Entry Zone: 0.2490 - 0.2500 (Sell the bounce)
· Target 1: 0.2400 (Psychological level)
· Target 2: 0.2331 (Take the full swing!)
· Stop: 0.2538 (Must respect the High)
Risk: 1:3 Ratio! Protect your bags!
$FRAX
$FRAX just painted a picture-perfect rejection wick at 0.2491! The 24h High is holding like a brick wall.
We are seeing lower highs and a massive volume surge that failed to push price up!
📉 My Take:
This is a classic Bull Trap. The "Last Price" is struggling to stay green ($0.2488) while the Mark Price is lagging at 0.2492. The market is telling us to go down.
The Sniper Entry:
· Signal: SHORT
· Entry Zone: 0.2490 - 0.2500 (Sell the bounce)
· Target 1: 0.2400 (Psychological level)
· Target 2: 0.2331 (Take the full swing!)
· Stop: 0.2538 (Must respect the High)
Risk: 1:3 Ratio! Protect your bags!
$FRAX