🚀 $FRAX Long Setup Alert, Bull Analysis

$FRAX /USDT shows base-building after a sharp selloff, with price stabilizing in a tight range near 0.79–0.81. With the 0.76 support holding, a move toward the 0.82 trigger and then the 0.86 area looks probable.

📊 Market Snapshot

Timeframe Analyzed: 1H

Current Price: 0.7908

24h High: 0.8625

24h Low: 0.7595

Volume: 7.39M USDT

📌 Key Levels to Watch

Support: 0.790, 0.780, 0.7595, 0.7600

Resistance: 0.820, 0.8625, 0.9200

🎯 Trade Setup

Entry Zone: 0.785 to 0.802

TP1: 0.820

TP2: 0.8625

TP3: 0.9200

SL: 0.7550

⚠️ Invalidation

Setup invalid if price closes 1H below 0.7600 and fails to reclaim 0.780.

✨ Summary

Bullish reversal attempt is in play. As long as price stays above the stated supports, the path toward 0.9200 remains in play. Watch for a break and retest above 0.820 with volume expansion to confirm the move.

FRAX

0.6787

+4.90%