FRAX this wave of market movement is quite interesting. After a single-day surge of 34%, it is currently consolidating at high levels — this is not a sign of topping out, but rather a typical healthy reset. Why do I say that? Looking at the position data makes it clear: the surge is accompanied by a simultaneous increase in open interest, indicating that the main players are continuously building positions, not short sellers dumping.

From a technical perspective, the price repeatedly oscillates at the top of a massive bullish candle, but no significant selling pressure has emerged. Buying interest continues to absorb at the 1.05 level, which is a very typical strong continuation pattern. The violent breakout above the key psychological level of 1.0 has been confirmed, and the current pullback is fully controllable — as long as it does not fall below the midpoint of that breakout bullish candle, upward momentum will be re-energized.

Based on this logic, the short-term strategic approach is as follows:

Long position | Entry zone 1.045-1.060, gradually entering at points with dense buy orders | Rigid stop-loss set at 0.995, which is the bottom line | First target 1.150, second target 1.250

The core is still to observe whether the 1.0 threshold can continue to hold and whether trading volume remains active. If both conditions are met, this upward move will have sustainability.