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$FRAX experienced a long liquidation of $1.02K at $0.27907, indicating that leveraged buyers were forced out of their positions. The liquidation reinforces bearish sentiment in the short term, with sellers maintaining control of the current market structure. If price fails to reclaim nearby resistance levels, further downside movement could follow as selling pressure remains elevated.
Entry: $0.277 - $0.281
SL: $0.287
TP1: $0.272
TP2: $0.266
TP3: $0.259
TP4: $0.250
Momentum remains weak, and recent recovery attempts have been met with selling pressure. Watch support levels closely and trade with proper risk management.
Sell and Trade $FRAX