$FXS - Limit Long

Entry1 at 5.325

DCA Entry2 at 5.185

Invalidation of trade is a 12hr candle closes below 4.975 (blended SL 4.4%)

So Frax has a few reasons to be holding up relatively well here. One is its obviously ranging on HTF between strong supply and demand zones, much like Link its a play from that perspective. Our entries corresponding with a bullish order block as well. On fundamentals, FRAX V3 is coming soon and will open up yield bearing opps for RWA collateral (Real World Assets category) R/R looks good here with a strong support at $5 unless the market nukes itself.

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