🚨 $FRAX USDT (Perp) – Smart Traders, Read This Carefully
$FRAX recently made a strong impulse move toward 1.31, followed by a controlled pullback, not a collapse.
On the 1H timeframe, price is now consolidating near a key demand zone (0.87–0.85) — this is where decisions matter.
🔍 Technical Breakdown:-
Price is trading below short-term MA, showing short-term weakness
Volume is declining, indicating selling pressure is getting exhausted
Structure suggests a pullback phase after expansion, not pure panic selling
Long lower wicks earlier = buyers previously defended this zone
📌 Key Levels to Watch
Support: 0.85 – 0.87 (make-or-break zone)
Immediate Resistance: 0.92
Major Resistance: 1.00 – 1.05
📈 Trade Plan (For Smart Risk Takers)
Potential Long Zone: 0.86 – 0.88 (only after confirmation)
Targets:
🎯 TP1: 0.92
🎯 TP2: 1.00
🎯 TP3: 1.08
Invalidation / SL: Below 0.83
💡 If price fails to hold 0.85, patience is the real trade — wait for fresh structure.