$WAXP is currently trading within the Bollinger Bands, with prices hovering near the upper band at 0.02422, suggesting potential overextension. A break above this level could indicate continuation, while a drop towards the lower band (0.02287) may signal a reversal. Key support is at 0.02286, and resistance at 0.02474. Given current volatility appears to be contracting, traders should consider placing a stop-loss just below the support level to manage risk effectively. Recommended action: wait for a clearer breakout or breakdown before entering a position. Set alerts around key levels.
