FRAX/USDT is up +4.12% but faces MA60 resistance at 0.8189; volume is weak
Signal: Cautiously bullish (testing resistance)
Entry area (buy): 0.8110 - 0.8140
Stop loss (SL): 0.8050
Take profit targets (TP):
TP1: 0.8200 (break MA60)
TP2: 0.8250
TP3: 0.8300
Analysis:
Current price (0.8135) is up +4.12% but approaches the critical MA60 resistance level at 0.8189.
Current trading volume (99.5) is very low compared to recent averages (MA5: 2,648.5), indicating weak momentum behind the move.
Despite being classified as a "DeFi gain" with a daily performance of +5.13%, the drop in volume near resistance suggests a potential pullback.
