$FRAX faced a strong rejection near the 1.22–1.24 resistance zone and has started rolling over with clear bearish momentum. The pullback is clean and controlled, showing sellers stepping in after the recent push up. This looks more like a trend continuation move rather than a simple correction.
Price is now trading below the previous breakout area, and as long as $FRAX stays under the 1.18–1.20 resistance zone, downside pressure is expected to continue. Any weak bounce into resistance can be used as a short opportunity. A strong reclaim above resistance would invalidate this setup.
Scalp Trade Plan
Short Setup
Entry Zone: 1.16 – 1.19
TP1: 1.12
TP2: 1.08
Stop Loss: 1.22
Leverage: 20x – 50x
Margin: 1% – 3%
Risk Tip: Secure partial profits at TP1 and trail stop to entry #MarketRebound
