$FRAX
Direction: Short-term bullish
Current price: 1.023
Strong movement after clear accumulation
FRAX (algorithmic stablecoin) โ Any movement above $1 is speculative and quick
๐ Technical analysis
1๏ธโฃ Price and Structure
Clear bottom at 0.965
Higher highs and higher lows โ๏ธ
Clear breakout of the 1.00 area
๐ As long as the price is above 0.997, the trend is positive
2๏ธโฃ SuperTrend (10,3)
The SuperTrend is at 0.955
The price is far from it and strongly โ โก๏ธ The trend is clearly bullish โก๏ธ No reversal signal yet
3๏ธโฃ Williams %R
Reading: -2.8
Zone: Very strong buying saturation โ ๏ธ This means:
Do not buy now from the top
Possibility of a slight correction or fluctuation
4๏ธโฃ OBV (Volume)
OBV is bullish โ๏ธ โก๏ธ Real liquidity entering โก๏ธ The movement is supported by volume
๐ฏ Smart trading zones
โ Buying now
Risk (buying saturation)
โ Safe buying zone
1.000 โ 0.990
Or a rebound from 0.997
๐ Stop Loss (SL)
Close 15m below 0.985
๐ฏ Targets
TP1: 1.035
TP2: 1.058
TP3 (Exaggeration): 1.08 โ 1.10
โ ๏ธ Important reminder:
FRAX is a Stablecoin โ Don't get too greedy