$FRAX /USDT — STRONG REVERSAL, BULLS TAKING CONTROL 🚀
BULLISH MOMENTUM CONTINUES: BREAKOUT FROM BASE SIGNALS MORE UPSIDE.
FRAX has delivered a sharp upside move after defending the $0.76–$0.80 demand zone, flipping market structure bullish. The strong recovery with expanding volume shows aggressive dip-buying and short covering. As long as price holds above the breakout area, bulls remain firmly in control.
Immediate Market Move (Explanation):
The impulsive push from the lows and sustained trading above $0.90 indicate strength, not exhaustion. Sellers failed to push price back into the prior range, suggesting acceptance at higher levels. A continuation toward psychological resistance near $1.00 is the high-probability next move.
📈 Trade Setup (LONG)
Entry: $0.88 – $0.91 (pullback to support)
TP 1: $0.95
TP 2: $0.98
TP 3: $1.00 – $1.02
SL: $0.84
(Trail stop once TP1 is hit)
🔮 Market Outlook
Short-term outlook is bullish with momentum. Volatility may remain high, but structure favors higher prices. Holding above $0.88 keeps FRAX on track for a $1 retest.