🚀 $WAXP Idea (4-Hour Chart) 🚀

▶️ Entry Zone: 0.03327 (Current price)

🛑 Stop Loss: 0.03156 (24h Low)

🎯 Take Profit 1: 0.03391 (24h High)

🎯 Take Profit 2: 0.03857

WAXPUSDT

Perp

0.007591

+0.14%

📊 Analysis:

* Price is currently above all EMAs (9, 21, 50), indicating a bullish trend in the short term.

* Recent price action shows a positive move, with a 4.26% gain.

* RSI(14) at 61.02506 indicates bullish momentum without being overbought.

* MACD (0.00014) is positive and above the signal line, confirming bullish momentum.

* 24h trading volume (73.75M WAXP) suggests moderate trading activity.

The current setup indicates a bullish trend with potential for further upside. The price has moved above key moving averages and is showing positive momentum. The RSI level suggests room for continued upward movement without being overbought.

⚠️ Caution:

* The price is approaching the 24h high, which could act as resistance.

* Crypto markets can be highly volatile, leading to rapid price changes.

* The overall trend from the chart's high point is still downward, so this could be a retracement.

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