🚀 $WAXP is showing a potential technical setup!

The weekly chart for WAXP/USDT on Bybit is displaying a prolonged macro downtrend stabilizing near the 0.005418 USDT region, forming a potential macro bottom setup.

📈 The Technical Setup:
• The Pattern: Falling Wedge / Macro Reversal Structure
• Short-term Target: 0.015000 USDT
• Macro Objective: 0.115000 USDT
• Market Structure: Long-term accumulation and potential macro reversal

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.005000 - 0.005500 USDT
• Resistance: 0.015000 USDT
• Breakout Level: 0.007500 USDT
• Stop Loss / Invalidation: 0.004000 USDT

📊 Confirmation:
• Volume: Neutral/standard volume on macro timeframe
• Momentum: Early signs of stabilization near all-time lows
• Trend: Multi-year descending trend approaching a potential inflection point

⚠️ Invalidation:
A decisive weekly close below the 0.004000 USDT support zone would invalidate this macro setup.

WAXP is consolidating near historical lows on the weekly timeframe, offering a high risk-to-reward macro reversal setup if support holds.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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