This pullback is actually healthy, not weak. After a sharp push up, price needs to cool off, shake out late buyers, and reset momentum. That’s exactly what I’m seeing here — profit-taking, not panic. Corrections like this are where strong moves are built, not where they die.
Right now, I’m watching the 0.84–0.86 zone very closely. This area has already proven itself. It acted as previous support, price reacted multiple times here, and this level lines up with a clean retracement of the last impulse move. Every time price dipped into this zone earlier, buyers stepped in fast. That tells me demand is still sitting here.
What really stands out is how price is slowing down into this level instead of crashing through it. The candles are tightening, selling pressure is fading, and they’re building strength here. If this level holds, it’s a classic base before the next leg up.
Trade Setup I’m Watching
Pair: FRAX/USDT
Entry Zone: 0.84 – 0.86
This is where I want to see buyers defend. I’m not chasing — I want price to come into demand.
Target 1: 0.90
First reaction zone and a logical area for partial profits.
Target 2: 0.94 – 0.96
This is the previous high region. If momentum returns, price usually revisits these levels.
Stop Loss: 0.81
If price loses this level, the structure breaks and I’m out — no emotions, just execution.
I’m not in a rush here. If this level holds, I expect a strong bounce, and if it doesn’t, I simply step aside. That’s the patience game. For now, this looks like a textbook pullback into support, and I’m staying focused on how price reacts here.
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