[$FRAX Signal] Bullish | Strong consolidation after breakout

2026-01-18 21:50:55

$FRAX After a 53% surge in a single day, the price is consolidating strongly at high levels. This is not a top distribution but a healthy reset after a breakout, with order book showing good absorption of buy orders and no significant selling pressure.

🎯 Direction: Long

🎯 Entry: 1.150 - 1.175

🛑 Stop Loss: 1.120 ( Rigid Stop Loss )

🚀 Target 1: 1.250

🚀 Target 2: 1.320

$FRAX Massive increase accompanied by a significant rise in open interest indicates a clear signal of main capital entering the market, rather than just a short squeeze. After breaking out, the price refused to undergo a deep retracement and formed a tight range at high levels, indicating market sentiment shifting from FOMO to holding positions and waiting for a rally. As long as the price can hold above the breakout zone, the subsequent upward momentum will gather again.

Trade here 👇 $FRAX

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FRAX-19,28%

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