$FRAX short setup looks valid ๐
RSI bounce possible first, but structure favors downside.
Watch 0.63 โ rejection = continuation to TP1.
Manage risk โ ๏ธ
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Bearish$FRAX /USDT is coiled for a drop, and the charts are whispering the exit.
$FRAX - SHORT
Trade Plan:
Entry: 0.605875 โ 0.612707
SL: 0.629789
TP1: 0.588793
TP2: 0.581961
TP3: 0.568296
Why this setup?
4H chart is ARMED for a SHORT. RSI on the 15m is oversold at 35.65, hinting at a potential bounce before the main move. The 1D trend is range-bound, but the setup targets a breakdown toward TP1 at 0.5888.
Debate:
Is this oversold RSI a fakeout or the calm before the breakdown?
Click here to Trade ๐๏ธ
$FRAX - SHORT
Trade Plan:
Entry: 0.605875 โ 0.612707
SL: 0.629789
TP1: 0.588793
TP2: 0.581961
TP3: 0.568296
Why this setup?
4H chart is ARMED for a SHORT. RSI on the 15m is oversold at 35.65, hinting at a potential bounce before the main move. The 1D trend is range-bound, but the setup targets a breakdown toward TP1 at 0.5888.
Debate:
Is this oversold RSI a fakeout or the calm before the breakdown?
Click here to Trade ๐๏ธ
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FRAX
0.6236
-2.86%