๐$WAXP USDT Short Setup: Bearish Continuation!
Trade Specifications:
๐ฏ Entry Price: $0.00708
๐ Stop Loss (SL): $0.00750
๐ฐ Take Profit (TP): $0.00619
According to your 1-hour chart, $WAXP has shown a sharp breakdown and is now consolidating in a bearish zone โฌ๏ธ๐ฅ
Technical Analysis:
โข Price has broken the consolidation range sharply โก
โข 1-hour chart shows a big red candle drop, indicating high-volume selling ๐ฅ
โข The $0.00716 support has now turned into resistance
โข Primary target is $0.00619, an important liquidity zone ๐ง
โข As long as the price stays below $0.00750, the bearish bias remains valid โ
Trading Tip:
Low-price coins like $WAXP are very volatile โก
Once price approaches $0.00660, move your Stop Loss to entry to keep your capital safe ๐ก
#WAXP #WAX #BinanceSquare #ShortSetup #BearishMove $WAXP
