🔥 $FRAX – Breakdown in Motion
FRAX is trading around 0.6225, and the structure is clearly bearish. Lower highs, heavy red candles, and strong rejection from mid-range levels show sellers are still dominant.
Momentum favors continuation unless price reclaims 0.6550+ with strength.
📉 Market Overview
• Strong rejection near 0.75
• Breakdown below 0.70 confirmed bearish shift
• Currently hovering near key support 0.6129
• Volume increasing on sell-offs
Bears control the trend. Any bounce is likely corrective unless structure flips.
🔻 Key Resistance
• 0.6550
• 0.7030
🟢 Key Support
• 0.6129
• 0.5850
🎯 Detailed Short Setup
Primary Short
EP: 0.6450 – 0.6600
TO: 0.6000
SL: 0.7050
➡️ Ideal entry on weak bullish pullback into resistance.
Breakdown Short (Aggressive)
EP: Below 0.6100 (confirmed 4H close)
TO: 0.5750
SL: 0.6350
⚠️ Invalidation: Strong reclaim above 0.7050 shifts bias neutral.
FRAX remains sell-on-rally until proven otherwise.
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