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Bearish$FRAX
{spot}(FRAXUSDT)
$FRAX looks heavy again after a weak rebound ā sellers still in control.
Short $FRAX
Entry: 1.09 ā 1.13
SL: 1.17
TP1: 1.05
TP2: 0.98
It keeps failing to reclaim prior support and every bounce runs into supply fast. Upside momentum is weak, moves higher get absorbed, and price action suggests distribution rather than a base. As long as this zone caps, continuation to the downside remains the higher-probability play.
{spot}(FRAXUSDT)
$FRAX looks heavy again after a weak rebound ā sellers still in control.
Short $FRAX
Entry: 1.09 ā 1.13
SL: 1.17
TP1: 1.05
TP2: 0.98
It keeps failing to reclaim prior support and every bounce runs into supply fast. Upside momentum is weak, moves higher get absorbed, and price action suggests distribution rather than a base. As long as this zone caps, continuation to the downside remains the higher-probability play.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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