$FRAX just delivered a powerful rally from the 0.81 support zone, pushing aggressively into the 1.57 resistance area. After that explosive move, price entered a healthy pullback phase — not a collapse, but controlled consolidation.
Currently, price is holding above 1.10, forming tight compression. This behavior suggests profit booking without destroying the bullish structure. Momentum has slowed, but the overall trend remains elevated and constructive.
As long as 1.10 acts as a base, the upside continuation scenario stays active. A clean breakdown below this level could invite a deeper retracement.
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On the 4H timeframe, the trend is still clearly bearish. Price on the 1H chart is currently pushing above the EMA50, signaling a temporary bounce, not a reversal. This is where smart traders look for rejection entries, not FOMO longs.
Now, focus on the 15-minute RSI – once it drops back below 50, that confirms momentum shifting back to the downside and becomes your trigger.
We’re looking to sell into strength near resistance, in line with the dominant downtrend.