$WAXP /USDT BEARISH BREAKDOWN AHEAD! 🚨📉
🔍 Current Price: $0.01966
📉 Market Sentiment: Bearish – Lower highs and weak momentum point to potential further downside.
🔑 Key Levels:
Resistance Zones:
🔺 $0.01994 (24h High)
🔺 $0.02030 (Next major resistance from previous rejection)
Support Zones:
🔻 $0.01947 (24h Low – minor support)
🔻 $0.01880 (Strong support – key breakdown level)
📊 Trade Setup – SHORT ENTRY:
Entry: $0.01960–$0.01970
Target 1 (TP1): $0.01900
Target 2 (TP2): $0.01880
Stop Loss (SL): $0.02010
⏳ R:R Ratio: ~2.5:1 (High conviction setup)
🛡️ Risk Management:
🚫 Risk only 1–2% of your capital
📉 Use trailing SL once TP1 is hit
✅ Avoid overleveraging in low-volatility zones
🔥 Price compression near support with fading volume signals a possible breakdown – trade smart!
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