FBRAX is currently in a technical dead-zone where trend, momentum, and patterns are completely neutral. However, a minor catalyst (L6) is creating a skewed risk-reward opportunity for a bullish move. We are playing a breakout from this stagnation, anticipating that the catalyst will trigger a move toward the $103-$105 range. The lack of overhead resistance makes the upside path cleaner than the downside risk. We are entering now to front-run the expected catalyst-driven momentum.

Stop: $97.75 · T1: $103.75 · R:R 1.67