$WAXP looking primed for a short squeeze.
Funding is heavily biased short, and price is bouncing off the MA99 support.
Once those shorts start covering, this moves fast.
The Plan:
Entry: 0.003841 - 0.003939
Targets: 0.004050 - 0.004178
SL: 0.003730
Key Invalidation: Must hold 0.003900. If that support breaks, we bail.
Manage your position size well
Funding is heavily biased short, and price is bouncing off the MA99 support.
Once those shorts start covering, this moves fast.
The Plan:
Entry: 0.003841 - 0.003939
Targets: 0.004050 - 0.004178
SL: 0.003730
Key Invalidation: Must hold 0.003900. If that support breaks, we bail.
Manage your position size well