$WAXP Short Trade Signal | Bears Eyeing a Profit-Taking Pullback
$WAXP has rallied more than 16% over the last 24 hours and is now trading just below its intraday high. While the trend remains positive, price is entering a resistance zone where profit-taking could trigger a short-term correction.
#WAXP #WAXP/USDT
Entry: $0.00433 – $0.00440
Stop Loss: $0.00458
TP1: $0.00415
TP2: $0.00400
Final Target: $0.00382
A confirmed break below $0.00422 could accelerate the next leg lower and strengthen bearish momentum.
Risk Management:
Wait for a bearish rejection candle before entering.
Do not short if price breaks and closes above $0.00456 with strong volume.
Risk only 1–2% of your trading capital per trade.
Futures trading is risky.
$WAXP has rallied more than 16% over the last 24 hours and is now trading just below its intraday high. While the trend remains positive, price is entering a resistance zone where profit-taking could trigger a short-term correction.
#WAXP #WAXP/USDT
Entry: $0.00433 – $0.00440
Stop Loss: $0.00458
TP1: $0.00415
TP2: $0.00400
Final Target: $0.00382
A confirmed break below $0.00422 could accelerate the next leg lower and strengthen bearish momentum.
Risk Management:
Wait for a bearish rejection candle before entering.
Do not short if price breaks and closes above $0.00456 with strong volume.
Risk only 1–2% of your trading capital per trade.
Futures trading is risky.