DU09

FXS/USD - Resistance approaches! Take care.

Long
KUCOIN:FXSUSDT   Frax Share / Tether
You may be tempted to FOMO into Frax Shares, but check out this resistance, 10% left to go and it will be hit.

The last time the price was there it was rejected and pushed to form another all-time low!

Best to be cautious here and not FOMO just because you see a green candle.

Wait for a breakout at least. Bias is mildly bullish, but a break of resistance is necessary for this momentum to continue.

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