Analysis $FRAX
FRAXUSDT
Perp
0.7247
+1.30%
The scenario relies on taking liquidity below support and then quickly returning.
The main condition for entering:
Hitting the level of 0.8560 and then immediately bouncing back with a 4-hour candle closing above it.
Buying area:
After confirming the close above 0.8560.
Trade management:
Hitting the first target 1.25, we raise the stop-loss to the entry price (approximately 0.8560).
The first stop-loss will be at the first bottom formed after dropping to 0.8560.
🎯 Targets:
First target: 1.25
Second target: 1.57
Final target: 1.801