waxptrading

$WAXP

The price reacted from an important resistance zone. The position is opened to work out a potential decline.

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$WAXP

$WAXP is doing exactly what a healthy trend does – keeping buying activity right near the support level. Each dip is defended faster than the previous one, and the structure has never been broken. Volume is increasing imperceptibly.

A break above $0.0041 could open the way for an upside move, and the risk-reward ratio is clean from here.

Do you support the bid or wait for a breakout?

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Strategic Recommendation

• For new buyers: Waiting is currently the best option. A buying entry is not recommended until the price breaks above $0.00451 and a full candle closes above that level, confirming the trend’s stability.
• For those with open positions: Monitor the $0.00417 level closely, as it represents the last line of defense for maintaining the current corrective structure. A break below it should trigger a stop-loss to protect capital.

$WAXP SHORT
A strong random deal
Entry:
0.00502

Loss:
0.005169

Targets:
0.004842
0.004921
0.004723

$WAXP

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