$FRAX — Sell-Side Sweep ➝ Sharp Rebound ➝ Volatile Consolidation (Base Building) FRAX is trading at $0.7790 (+2.41%) after sweeping sell-side liquidity near $0.7477, followed by a strong impulsive bounce. The move reclaimed key intraday levels, but price is now consolidating — suggesting absorption, not distribution.
This looks like volatility with intent, not random chop.
Chart Read: • Sell-side liquidity taken at $0.7477
• Strong impulsive bounce → demand stepped in
• Rejection from $0.82–0.84 supply
• Higher low formed vs previous base
• Volatility compressing again inside range
Key Levels: • Support: $0.75 – $0.748
• Range Control: $0.78
• Break & Hold: Above $0.82 → continuation toward $0.85
• Failure: Lose $0.748 → deeper pullback risk
As long as FRAX holds above the $0.75 demand zone, this remains a post-liquidity grab reset with bullish recovery potential.
Tight consolidation after a sweep often precedes the next expansion.
Patience here can be rewarded ⚡📈
Trade #frax here
FRAX
--
--