đ $FRAX just listed on Binance and is moving fast!
On the 3-minute chart, FRAX surged from ~0.81 â 1.57 and is now pulling back near 1.30. This is typical for new listings â liquidity is low and volatility is high.
â ïž Note: A pump doesnât automatically make it bullish. Confirmation is key.
â Bullish continuation:
Price holds 1.20â1.30
Then reclaims 1.40â1.45
Break above 1.57 could trigger another leg up
â ïž Caution:
Repeated rejection under 1.40 signals weakness
Bearish if it drops below 1.20 â next support around 1.00 and the early low near 0.81
đĄ Fresh listing rule:
Never chase green candles. Wait for a clean retest or breakout.