$FRAX
Direction: Short-term bullish
Current price: 1.023
Strong movement after clear accumulation
FRAX (algorithmic stablecoin) → Any movement above $1 is speculative and quick
📊 Technical analysis
1️⃣ Price and Structure
Clear bottom at 0.965
Higher highs and higher lows ✔️
Clear breakout of the 1.00 area
📌 As long as the price is above 0.997, the trend is positive
2️⃣ SuperTrend (10,3)
The SuperTrend is at 0.955
The price is far from it and strongly ✅ ➡️ The trend is clearly bullish ➡️ No reversal signal yet
3️⃣ Williams %R
Reading: -2.8
Zone: Very strong buying saturation ⚠️ This means:
Do not buy now from the top
Possibility of a slight correction or fluctuation
4️⃣ OBV (Volume)
OBV is bullish ✔️ ➡️ Real liquidity entering ➡️ The movement is supported by volume
🎯 Smart trading zones
❌ Buying now
Risk (buying saturation)
✅ Safe buying zone
1.000 – 0.990
Or a rebound from 0.997
🛑 Stop Loss (SL)
Close 15m below 0.985
🎯 Targets
TP1: 1.035
TP2: 1.058
TP3 (Exaggeration): 1.08 – 1.10
⚠️ Important reminder:
FRAX is a Stablecoin → Don't get too greedy