$WAXP
🔥 Technical analysis: price is still moving within a clear ascending structure on the hourly chart, with higher highs and higher lows. The price is currently near 0.00713 after a strong upward wave.
Current decision zone:
0.00733 is the peak and the closest resistance. A stable breakout above it is the key to continuing the move.
Retest zone:
0.00677–0.00680
One of the most important nearby areas to maintain the bullish momentum.
Bullish scenario
If the price holds 0.00677–0.00680 and successfully breaks 0.00733 with stability:
🎯 TP1: 0.00733 — retest the top
🎯 TP2: 0.00750–0.00760 — after the breakout is confirmed
🔥 TP3: We’ll set it after a new move appears above TP2, instead of pre-setting a far target.
🔻 Bearish scenario
If the price fails at 0.00733 and breaks 0.00677:
📍 First monitoring area: 0.00633–0.00640
📍 If selling pressure continues: 0.00603 as a deeper support.
🎯 Summary:
WAXP is bullish, but the price is currently close to an important resistance, so chasing the move isn’t the best option.
We watch 0.00733 as the decision zone:
Breakout and holding → TP1, then TP2 gradually.
Rejection and breaking below 0.00677 → we wait for a retest at 0.00633–0.0064
Educational technical analysis only, not financial advice.
#WAXP #WAXPUSDT #Binance #BinanceSquare #Crypto #CryptoAnalysis #TechnicalAnalysis #Altcoins #Trading #TechnicalAnalysis #DigitalCurrencies #Crypto
🔥 Technical analysis: price is still moving within a clear ascending structure on the hourly chart, with higher highs and higher lows. The price is currently near 0.00713 after a strong upward wave.
Current decision zone:
0.00733 is the peak and the closest resistance. A stable breakout above it is the key to continuing the move.
Retest zone:
0.00677–0.00680
One of the most important nearby areas to maintain the bullish momentum.
Bullish scenario
If the price holds 0.00677–0.00680 and successfully breaks 0.00733 with stability:
🎯 TP1: 0.00733 — retest the top
🎯 TP2: 0.00750–0.00760 — after the breakout is confirmed
🔥 TP3: We’ll set it after a new move appears above TP2, instead of pre-setting a far target.
🔻 Bearish scenario
If the price fails at 0.00733 and breaks 0.00677:
📍 First monitoring area: 0.00633–0.00640
📍 If selling pressure continues: 0.00603 as a deeper support.
🎯 Summary:
WAXP is bullish, but the price is currently close to an important resistance, so chasing the move isn’t the best option.
We watch 0.00733 as the decision zone:
Breakout and holding → TP1, then TP2 gradually.
Rejection and breaking below 0.00677 → we wait for a retest at 0.00633–0.0064
Educational technical analysis only, not financial advice.
#WAXP #WAXPUSDT #Binance #BinanceSquare #Crypto #CryptoAnalysis #TechnicalAnalysis #Altcoins #Trading #TechnicalAnalysis #DigitalCurrencies #Crypto
