FRAX/USDT has surged from 0.7500 to 1.1480 in the past 24 hours, a 43% increase. The numbers look impressive, but the risks behind it are also significant.

The RSI indicator has already soared to 80.56, which is a typical overbought signal. Simply put—new entrants at this level are very likely to get trapped.

**Technical analysis is as follows:**
Current resistance is at 1.1480 (today's high) and 1.2201. If there is a pullback, support levels are sequentially at 1.1291, 1.0000, and 0.9027 (7-day moving average). Trading volume remains at 236M, indicating good liquidity, but also suggesting a high possibility of profit-taking.

**Three trading strategies:**
1. Those who have already bought at the bottom should now consider selling.
2. If you want to continue participating, wait for a pullback to 1.0000-1.0500 before entering, with targets at 1.1000-1.1300 and stop-loss at 0.9800.
3. Shorting requires very strong risk management—enter at 1.1400-1.1470, target 1.1000 or 1.0500, stop-loss at 1.1550.

After breaking through 1.1480, there is room to rise to 1.2201, but the risks increase sharply. The 43% surge already says it all—good news in the market often reacts in advance. The question now is, how far can it go from here?