🚨 $FRAX TRADE SETUP 👀
$FRAX has entered price discovery after the Binance listing catalyst and successful FXS → FRAX migration. Momentum is strong, but short-term volatility is expected as whales take profit into strength.
📈 $FRAX TRADE PLAN
Bias: LONG (trend continuation)
Entry (Spot / Dip Buy): $1.02 – $1.08
Entry (Breakout): $1.12+ acceptance
TP1: $1.23
TP2: $1.40
TP3: $1.75
SL: $0.96
🧠 Why LONG
• Binance Spot + Futures listing → massive liquidity expansion
• $50M institutional backing (ATW + DWF) → structural floor
• MACD bullish + RSI 62 → healthy momentum, not overheated
• 71% migration rally confirmed rebrand success
• Spot demand > derivatives → real buying, not pure leverage
• Above all key EMAs → trend firmly bullish
⚠️ Caution Zone
• Whales took profit near $0.80 earlier → expect pullbacks
• Possible sell-the-news wick post-listing
• Lose $0.96 → momentum pause, deeper retrace likely
Above $1.00 = bulls in control.
Dips are buys until structure breaks 📊🔥
