Potential SHORT Setup on $FRAX /USDT. 📉

This trade plan explores a downside opportunity for $FRAX against Tether stablecoin. Please review the details carefully before considering any action.

**Trade Plan:**

Entry: 0.60661 – 0.613354
SL: 0.630214

TP1: 0.58975
TP2: 0.583006
TP3: 0.569518

**Setup Rationale:**

The 4H chart suggests a potential SHORT opportunity. While the 15m RSI is deeply oversold at 31.35, indicating a potential for a bounce, it may be weak.

This is identified as a counter-trend play, aligning with a ranging daily trend. Key resistance is observed at the specified SL level (0.630214).

**Key Consideration:**

Is this a high-probability fade, or does it risk being a trap before a potential range bounce? Always manage your risk accordingly.

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