$FRAX Bullish Breakout Setup
A short liquidation at $1.12865 ($1.08K) shows sellers getting squeezed, often an early signal that momentum is rotating back to the upside.
Key Levels
Support: $1.120 – $1.110
Breakout Zone: $1.135 – $1.145
Resistance: $1.160 – $1.180
Trade Setup (Long Bias)
Entry: Hold above $1.135, or confirmed break & acceptance over $1.145
Targets:
TP1: $1.160
TP2: $1.180
TP3: $1.210
Stop Loss: Below $1.105
Market Sentiment
The short squeeze has reduced sell pressure and shifted control to buyers. If $FRAX sustains above the breakout zone with volume, bullish continuation toward higher liquidity levels is favored.
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FRAX
0.687
+6.21%