$FRAX
Current: ₹282.81 | Change: +24.84%
Pattern: Rare significant move for a stablecoin-aligned asset. Suggests major accumulation or protocol-specific news (e.g., collateral changes, chain expansion).
Trade Plan:
ENTRY: Current levels are risky. Ideal entry on retest of ₹1.01-1.012 (₹281-282).
TG1: ₹1.02 (₹284.5)
TG2: ₹1.03 (₹287.3)
TG3: ₹1.04 (₹290.2)
SL: Below ₹1.008 (₹281)
Short-term: This is a mean reversion trade. It will gravitate back to its peg, but the premium may persist short-term.
Long-term: Fundamentals remain key. This is not a typical growth asset; trade the anomaly, not the narrative.
Pro Tip: This is an arbitrageur's playground. The play is fading the premium, not buying it. Consider it a short opportunity above ₹1.02.
FRAX
0.8161
-4.24%
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+0.48%
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