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$FRAX FRAX saw a strong sell-off and is now trying to stabilize near a key support zone. Momentum is still weak, but selling pressure is cooling down, which usually comes before a range or short bounce.
On the 1H timeframe, price is trading below major EMAs — trend is still bearish.
On the 4H view, this looks more like distribution → drop → base building.
🔑 Key Levels
Support: 0.92 → 0.88
Resistance: 1.00 → 1.08
Market is currently at a decision point
🔮 What to Expect Next
Holding above support → short relief bounce possible
Losing support → continuation to lower liquidity zones
Expect sideways action before a clear direction
This is a personal market view, not financial advice.