📉 $FRAX
/USDT: High-Probability Short or Bull Trap?
The market might be ignoring the oversold RSI, but the price action tells a different story. With the 4H chart locked in a bearish posture and the daily trend stuck in a range, we're looking at a tactical counter-trend play.
⚡ The Trade Plan
Action: SHORT 🔴
Entry Zone: 0.60661 – 0.613354
Stop Loss (SL): 0.630214 (Key Resistance)
🎯 Take Profit Targets
TP1: 0.58975
TP2: 0.583006
TP3: 0.569518
🔍 Technical Insight
4H Setup: Bearish structure remains intact despite low RSI.
RSI Check: Currently at 31.35 (15m). While deeply oversold, the lack of buying volume suggests any "bounce" will likely be a weak dead-cat move.
Risk: Counter-trend plays require tight SL management. Watch for a fake-out at the range bottom.
Debate: Is this a clean fade of a weak bounce, or are we walking into a liquidity trap before a major range reversal?
Nabiha Noor
Analysis for the bold.