$WAXP /USDT BEARISH MOVE EXPECTED AS MOMENTUM WEAKENS ๐๐ป
$WAXP is showing signs of continued downside pressure, with price currently trading at $0.02121 (+2.32%). Despite the intraday bounce, the overall trend remains bearish as price struggles below key resistance levels and momentum indicators weaken.
๐ KEY LEVELS
๐ธ Current Price: $0.02121
๐ธ Resistance Levels:
$0.02150 โ Minor intraday resistance
$0.02190 โ Strong resistance zone
$0.02250 โ Major resistance (EMA200 on 4H)
๐ธ Support Levels:
$0.02050 โ Immediate support
$0.02000 โ Strong demand zone
$0.01890 โ Potential breakdown target
๐ผ TRADE SETUP โ SHORT POSITION
๐ป Entry: $0.02120 โ $0.02140
๐ฏ Targets (TP):
TP1: $0.02050
TP2: $0.01980
TP3: $0.01890
๐ Stop Loss (SL): $0.02200
๐ INDICATOR SUMMARY
MACD: Bearish momentum building
EMA: Price rejected from 50 EMA (4H)
Volume: Low buyer strength โ ๏ธ
Bollinger Bands: Testing mid-band resistance
โ ๏ธ RISK MANAGEMENT
โ Use SL at all times
โ Risk only 1โ2% of your capital
โ Maintain Risk:Reward of at least 1:2
๐ซ Avoid overtrading or emotional entries
๐ป Bearish sentiment prevails below $0.0225 โ stay cautious and plan your trades!
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