$WAXP 1/USDT – BULLISH CONSOLIDATION BEFORE BREAKOUT
Current Price: $0.02396
24h Change: +8.22%
Timeframe Analyzed: 4H
KEY LEVELS TO WATCH:
Resistance Levels:
$0.02450 (Immediate breakout level)
$0.02550
$0.02680 (Extension target if breakout confirmed)
Support Levels:
$0.02320 (Near-term support)
$0.02220 (Strong consolidation base)
$0.02181 (24h Low – invalidation level)
TRADE SETUP – LONG ENTRY:
Entry: $0.02360 – $0.02400 (Buy on consolidation or breakout retest)
Targets (TP):
TP1: $0.02450
TP2: $0.02550
TP3: $0.02680
❌ Stop Loss (SL): $0.02170 (Below key support & 24h low)
Risk/Reward Ratio: ~2.5:1
RISK MANAGEMENT:
Risk 1–2% of your total capital per trade. Stick to the SL, trail stops after TP1, and scale out profits along the way. Protect gains and stay sharp!
$WAXP is pressing against resistance – breakout above $0.02450 could trigger the next leg up! #USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #ETHBreaks3k #Write2Earn