Analyzing a potential short setup for $FRAX /USDT. 📉

Despite an oversold RSI signal, the current market structure presents an interesting opportunity.

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**$FRAX - SHORT**

**Trade Plan:**
Entry: 0.60661 – 0.613354
SL: 0.630214 ⛔
TP1: 0.58975 🎯
TP2: 0.583006 🎯
TP3: 0.569518 🎯

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**Setup Rationale:**
The 4H chart indicates potential for a short entry. While the 15m RSI is deeply oversold at 31.35, suggesting any bounce may be weak, the daily trend remains in a range. This setup is considered a counter-trend play, with key resistance identified at the SL level of 0.630214. 💡

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**Consideration:**
Is this a high-probability fade opportunity, or could it be a trap before a significant range bounce? đŸ€”

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