🔥$FRAX Bullish, Long Buy on Dips
• The recent candles form a bull flag pattern, with higher lows established around 0.85–0.87. The rejection at 0.9918 was on high volume, but the pullback lacks follow-through selling, indicating accumulation.
• K-line data shows a strong rally from the 24h low (0.7628) to the high (0.9918), followed by a consolidation near 0.9324.
• Recent 1h candles show declining volume during the pullback from the 24h high (0.9918), indicating a lack of selling pressure.
Entry Long $FRAX : near 0.915–0.905 (MA5/MA10 confluence) or on a breakout above 0.945 with volume confirmation.
Stop Loss: 0.887 for a 0.915 entry
Target Price $FRAX : 0.9899-1.061 if momentum resumes.
Support me just Click below to Trade 👇 Cheers.
A break below 0.849 support would invalidate the bullish structure.#frax #fraxusdt