🚨 $FRAX
FRAXUSDT
Διην.
0.6507
-9.39%
SHORT 🚨
📊 SHORT | Strength: 8/10 | Spot
🎯 Targets:
TP1: 0.6571 (Bollinger MB)
TP2: 0.6412 (Bollinger DN)
TP3: 0.6140 (24h Low)
📉 Why Short:
• Price at Bollinger Upper Band (0.6731) = strong resistance
• RSI(6): 83.7 (extremely overbought), RSI(14): 70.0 (overbought)
• Volume fading (current vol below MA5) = momentum dying
• Multiple upper wicks = rejection at resistance
• 7D performance -6.57% = longer-term downtrend
🔑 Levels:
Resistance: 0.6792 / 0.6731
Support: 0.6571 / 0.6412 / 0.6140
⚡ Entry: 0.6740 - 0.6760
🛑 SL: 0.6810 (1% risk)
📈 R/R: 5.2:1 to TP2
⚠️ Risk: No order book data; DeFi coins can have sudden spikes. Wait for confirmation below 0.6700.