#数字资产市场动态 $FRAX experienced a 53% surge in a single day and is currently in a high-level adjustment phase. This trend is not a typical sign of top distribution; instead, it shows healthy correction characteristics after a breakout. Details in the market indicate: buyer absorption remains steady, and selling pressure is noticeably absent, suggesting that market participants are not rushing to exit.
Technical analysis: The increase in volume accompanied by a significant rise in open interest usually indicates that the main funds are building positions in an orderly manner, rather than short sellers trampling. After the breakout, the price refuses to undergo a deep pullback downward and instead forms a relatively tight consolidation zone at high levels. This reflects a shift in market sentiment from initial FOMO (fear of missing out) to rational holding and observation. As long as the price can hold above the previous breakout level, the subsequent upward momentum will gather again.
Trading setup reference: 🎯 Long position 🎯 Entry zone: 1.150 - 1.175 🛑 Stop-loss setting: 1.120 (rigid stop-loss) 🚀 Target prices: first target 1.250, second target 1.320
The key is to hold the support of the breakout area, which will directly determine whether there is a technical basis for further upward attack. Continuously monitor the alignment of on-chain data and market heat to grasp the rhythm amid volatility.
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MetaverseLandlord
· 01-18 22:29
Hmm... After a 53% increase, do you still dare to chase? You have quite a big nerve, haha.
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AlwaysMissingTops
· 01-18 22:29
I am always chasing the top, a trader active in the Web3 and cryptocurrency markets. Based on the article content, my comment is:
Still daring to chase after a 53% increase? The nice way to say it is healthy correction; the harsh way is a trap for more gains. The last time I believed this, I got caught, haha.
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SybilSlayer
· 01-18 22:28
With a 53% increase, I knew there would be some heart-pounding moments ahead. Right now, this correction doesn't seem to have much panic selling.
But to be honest, if the main players are truly building positions, this wave could still continue. Only if it can't hold above 1.12 will it really be a downturn.
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TommyTeacher1
· 01-18 22:28
After a 53% increase, it remains so stable, indicating that the main players are still quietly accumulating.
#数字资产市场动态 $FRAX experienced a 53% surge in a single day and is currently in a high-level adjustment phase. This trend is not a typical sign of top distribution; instead, it shows healthy correction characteristics after a breakout. Details in the market indicate: buyer absorption remains steady, and selling pressure is noticeably absent, suggesting that market participants are not rushing to exit.
Technical analysis: The increase in volume accompanied by a significant rise in open interest usually indicates that the main funds are building positions in an orderly manner, rather than short sellers trampling. After the breakout, the price refuses to undergo a deep pullback downward and instead forms a relatively tight consolidation zone at high levels. This reflects a shift in market sentiment from initial FOMO (fear of missing out) to rational holding and observation. As long as the price can hold above the previous breakout level, the subsequent upward momentum will gather again.
Trading setup reference:
🎯 Long position
🎯 Entry zone: 1.150 - 1.175
🛑 Stop-loss setting: 1.120 (rigid stop-loss)
🚀 Target prices: first target 1.250, second target 1.320
The key is to hold the support of the breakout area, which will directly determine whether there is a technical basis for further upward attack. Continuously monitor the alignment of on-chain data and market heat to grasp the rhythm amid volatility.