$FRAX /USDT – Short Opportunity
Current Price: $1.1722 (+43.49%)
Market: DeFi Gainer
Short Entry: $1.172 – $1.180
Targets:
Target 1: $1.100
Target 2: $1.000
Target 3: $0.900
Stop Loss: $1.250
Key Levels to Watch:
Resistance: $1.300 (24h High)
Support: $1.100 – $1.000 zone
Critical Zone: $0.784 (24h Low)
Trade Outlook:
FRAX/USDT is showing a strong overextended move after a sharp 43% rally. The price is approaching major resistance at $1.300, making a short setup favorable. The trend could see a retracement back to $1.100 – $0.900 levels if selling pressure increases. Risk management is crucial, with the stop placed above $1.250 to avoid sudden spikes.
