$FRAX just showed a clear bearish continuation after failing to reclaim prior support, with sellers firmly in control following the parabolic spike

Price is forming lower highs and lower lows while respecting a descending structure, which usually signals continuation rather than a relief bounce

As long as price remains below the breakdown zone and key resistance overhead, downside pressure stays intact and late longs may get squeezed on further weakness

Trade Setup

Entry: 1.05 – 1.10

Target 1: 0.98

Target 2: 0.90

Target 3: 0.82

Stop Loss: 1.20

FRAX
FRAXUSDT
0.7585
-21.43%