$FRAX /USDT – COILED IN RANGE... BRUTAL SHAKEOUT LOADING? 🔴💥⚠️📉
$FRAX trapped in tight range action – looks calm on surface, but tension building hard for a potential violent breakout lower! 🟥🐻
Risk: 8/10 (SHORT bias) – high conviction fade if rejection hits, but tight coil means explosive move either way.
Trade Plan (SHORT):
Entry: $1.031 – $1.053 🎯
Stop Loss: $1.108 ⚠️ (wide stop – respect it or get rekt)
TP1: $0.976 🔥
TP2: $0.954 🚀
TP3: $0.910 🌙
Trade $FRAX here 👇
Current price action is textbook distribution/coil – no real bullish conviction, just ranging chop sucking in longs before the flush.
Debate time:
Is this quiet range pure accumulation before another leg higher… or classic trap setting up the sharp drop to TP1 and beyond? 👇
One clean rejection from upper range and this could cascade fast – or fakeout bulls and flip the script?
High-risk, high-reward setup – size small, manage ruthless.
DYOR | NFA #FraxFinance