FRAX this round of market movement is really fierce. In the past day, it shot up from a low of 0.7840 directly to 1.3000, and is now trading around 1.1997. Such a rally and volatility, anyone would have to pay more attention.

The key is that this breakout is very methodical. It rose strongly from the critical support level of $1.1, with no significant retracements in between, and broke through several resistance levels in one go. This kind of movement, from a technical perspective, is a classic sign of strong momentum.

For friends who have already entered the market, my suggestion is to slightly move up your stop-loss level to avoid being shaken out by a pullback. The most important thing at this stage is to protect your gains while leaving room for further upside. In the short term, the momentum is still here, and the probability of continuing upward is there; higher target levels are also not impossible to challenge.

Of course, the market always has two sides. Proper risk management and following the rhythm is the right approach.