🚀 $FRAX Long Setup Alert, Bull Analysis

$FRAX /USDT shows a sharp impulse move followed by a deep cooldown and stabilization near the $1.00 handle. With price basing above the post-dump support zone, a rebound toward the lower resistance band looks probable (high-volatility conditions).

📊 Market Snapshot

Timeframe Analyzed: 1H

Current Price: 1.0056

24h High: 1.5740

24h Low: 0.8120

Volume: 33.51M USDT

📌 Key Levels to Watch

Support: 1.000, 0.980, 0.950, 0.812

Resistance: 1.050, 1.120, 1.200

🎯 Trade Setup

Entry Zone: 0.995 to 1.015

TP1: 1.050

TP2: 1.120

TP3: 1.200

SL: 0.950

⚠️ Invalidation

Setup invalid if price closes 1H below 0.980 and fails to reclaim 1.000.

✨ Summary

Bullish bounce is in play, but volatility remains elevated. As long as price stays above the stated supports, the path toward 1.200 remains in play. Watch for a break and retest above 1.050 with volume expansion, or a sweep and reclaim of 1.000 to confirm continuation.

FRAX

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