FRAX's short position faces the dilemma of difficulty in breaking even. Instead of passively stopping out, it is better to actively adjust the approach by moderately going long to gradually dilute the loss costs. From a technical chart perspective, today is very likely to test the previous high of 1.13 or even higher. Setting a price alert with 1.16 as an important reference level would be more prudent. My previous estimate of the 1.07 support point was somewhat overestimated; the market did not experience the expected quick pullback to induce short covering there, and the downward momentum was limited. This precisely indicates that the probability of a breakout above is gradually increasing, and the bulls' strength is gathering.

FRAX41%
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BearMarketMonkvip
· 8h ago
Short positions are losing money, might as well switch to long and spread out... Keep a close eye on the 1.16 level.
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FloorPriceWatchervip
· 8h ago
The short position is dead; dilution carries risks, brother.
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ChainBrainvip
· 8h ago
Hmm... It seems like we have to admit defeat on this short position. Instead of stubbornly holding on, it's better to reverse and go long to spread out the cost.
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DegenDreamervip
· 8h ago
Holding a short position stubbornly is not as good as turning around and going long to average down. This move is indeed ruthless.
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