$FRAX
Recent liquidation data shows $FRAX long positions flushed at $0.60929, confirming that buyers were trapped near local support. Price failed to hold above the short-term demand zone and structure has shifted into a lower-high formation. Momentum is weakening and liquidity below $0.60000 remains exposed.
Current price action is trading under prior intraday support, which now acts as resistance. Unless $FRAX reclaims $0.62000 with strong volume, downside continuation remains the higher probability path.
EP: $0.60500 – $0.61200
TP1: $0.58800
TP2: $0.57200
TP3: $0.55500
SL: $0.62300
Trend structure is bearish with consistent lower highs and supply defending aggressively.
Momentum favors sellers after long-side liquidations cleared weak hands near $0.60929.
Liquidity sits below $0.59000, making downside expansion toward targets structurally likely.
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