I’m watching
$FRAX closely after a strong expansion move from its base. Price broke out with conviction, cleared the 1.00 psychological level, and continued pushing higher with solid momentum.
What I like here is the volume expansion. This isn’t a weak squeeze or thin liquidity move. Buyers are clearly active, and price is holding near intraday highs, which usually signals continuation rather than exhaustion.
As long as structure holds above key support, momentum remains in favor of the bulls.
$FRAX Trade Setup (Momentum / Swing)
Entry Zone
1.05 – 1.10
This zone aligns with the first pullback into demand after the breakout.
Target Points
Target 1: 1.20
Target 2: 1.32
Target 3: 1.50
I’d scale out gradually as price moves higher.
Stop Loss
0.98
A break below this level would invalidate the breakout structure.
Why This Setup Works
I’m taking this setup because:
Price broke and held above a major psychological level
Volume confirms real participation, not fake momentum
Pullbacks into the 1.05–1.08 area show buyers defending structure
Risk-to-reward remains favorable while momentum stays intact
I’m not chasing tops. I’m waiting for controlled pullbacks in a strong trend.
Momentum + structure = opportunity
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