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FRAXUSDT has made a new low and is experiencing a technical rebound, with sellers regrouping at a key resistance level.
Go short immediately $FRAX
Entry: 0.660 – 0.680
Stop Loss: 0.685
First Target: 0.620
Second Target: 0.610
Third Target: 0.600
The price has a brief respite after being deeply oversold, but the rebound is testing a critical resistance zone. The overall downtrend remains intact, and this rebound offers a better shorting entry point rather than a reversal signal. Selling pressure is expected to reaccumulate before the resistance level, and if sellers remain proactive, it usually favors the price continuing to probe downward support levels.
Trade $FRAX here 👇