FRAX caught some serious momentum lately - market cap sitting at 93.76M with a solid 84% bullish sentiment from 3.4K votes. Pretty compelling setup here.
On the technical side, there's a pending long entry forming around support levels without interference from weaker zones. Stop-loss placement looks tight at roughly 4.01%, which gives you decent risk management. The uptrend we're tracking is deep into its 123rd cycle now, running with a 24.01% amplitude swing.
The confluence of bullish votes, clean entry zone, and strong cycle progression makes this worth watching. Position sizing matters though - those tight stops mean you need to be smart about entry size relative to your account. If this breaks above key resistance, could see some real momentum kick in.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
3
Repost
Share
Comment
0/400
MEVHunterWang
· 11h ago
Frax looks pretty good this time. The 84% bullish ratio is indeed attractive, but that 4% stop-loss is a bit tight. I'm worried that if I get nervous and hesitate, I might get stopped out haha.
View OriginalReply0
ContractBugHunter
· 11h ago
Frax this time is indeed interesting; 84% bullish sentiment is no joke... However, that 4.01% stop-loss is really too tight, a slight slippage and it's game over.
View OriginalReply0
BTCRetirementFund
· 12h ago
84% bullish rate is indeed tempting, but why is this tight stop so tight... cutting losses at just 4 points?
FRAX caught some serious momentum lately - market cap sitting at 93.76M with a solid 84% bullish sentiment from 3.4K votes. Pretty compelling setup here.
On the technical side, there's a pending long entry forming around support levels without interference from weaker zones. Stop-loss placement looks tight at roughly 4.01%, which gives you decent risk management. The uptrend we're tracking is deep into its 123rd cycle now, running with a 24.01% amplitude swing.
The confluence of bullish votes, clean entry zone, and strong cycle progression makes this worth watching. Position sizing matters though - those tight stops mean you need to be smart about entry size relative to your account. If this breaks above key resistance, could see some real momentum kick in.