$FRAX printed an extreme volatility spike toward the $1.57 area, followed by a sharp rejection and a controlled pullback. Price is now stabilizing around the $0.94–$1.00 zone, which is acting as a short-term demand area. The structure shows heavy profit-taking after the spike, but sellers are losing momentum as price compresses above support, suggesting a potential base formation rather than continuation to the downside.
Trade Setup (Speculative Long)
Entry Zone: $0.95 – $1.00
Targets:
TP1: $1.10
TP2: $1.28
TP3: $1.45
Stop Loss: $0.88
As long as $FRAX holds above the $0.94 support, the bias remains for a relief move back toward the $1.10–$1.28 range. A clean reclaim of $1.10 with volume would be the first confirmation that buyers are regaining control after the volatility reset.
FRAX
0.8432
+3.84%
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