🚨$FRAX looking weak… next stop $0.70?😱
FRAX is currently trading around 0.82, but price action is showing clear weakness after a short relief bounce.
🔍 What the chart is telling us:
Strong downtrend structure still intact
Price is struggling to reclaim 0.83 resistance
Multiple rejections at the same level = sellers defending hard
Liquidity resting below current price
📌 Key Levels
Resistance: 0.83 – 0.85
Support: 0.78 → 0.70 (major target)
⚠️ Scenario
If FRAX fails to hold above 0.80, we could see a sharp move down toward 0.70, which aligns with previous demand and liquidity zones.
🧠 Trading Insight
No confirmation of trend reversal yet
Patience is key — wait for either:
A clean break & hold above 0.85, or
A sweep into 0.70 support for potential reaction
💬 Not financial advice. Always manage risk.
