🔥 $FRAX Bullish Pullback
Price is currently testing below MA5, suggesting short-term consolidation.
Recent 30m candles show declining volume during the pullback from the 0.985 high, suggesting weakening bullish momentum. The spike to 0.9850 had high volume, indicating strong selling pressure at highs.
Entry long $FRAX
• Primary: Near 0.84-0.85 (MA10 confluence zone)
• Secondary: If breaks 0.916 resistance, wait for retest with volume confirmation
Stop-Loss: 0.8150-0.8250 area, just below MA20
Target $FRAX : 0.935-0.945
Support me just Click Trade here👇
FRAXUSDT
Perp
0.8006
-4.96%
A break above 0.916 (BOLL upper) could accelerate gains toward next resistance at 1.0, but current risk/reward favors waiting for a better entry.