WAXP is rolling over hard, with momentum shifting decisively against the bulls. The window for a short entry is closing fast, don't get left behind.
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$WAXP SHORT 📉
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📍 Entry Range: $0.003884 – $0.003892
🛑 Stop Loss: $0.004005 (-3.0%)
🎯 TP1: $0.003830 (+1.5%)
🏆 TP2: $0.003694 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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This WAXP short setup is fueled by a potent mix of signals, including a clear market structure break, volume confirming direction, and a fair value gap that's ripe for a test. The overlap of order blocks and points of interest adds significant confluence to the mix, making this a high-confidence trade. The structure looks primed for a meaningful move lower.
A 3.0% stop loss is relatively tight for this setup, suggesting a moderate leverage play to maximize returns while keeping risk in check.
Taking partial profits at the first target makes sense, as it allows you to lock in some gains while still riding the momentum of the trade.
Not financial advice — always manage your own risk 🙏
$WAXP #WAXPUSDT #SMC #TradingSignals #Write2Earn