For traders eyeing $WAXP
/USDT, the market presents a promising setup with a bullish outlook. Currently priced at $0.04190, the key entry zone is between $0.04150 and $0.04200, with a breakout above $0.04200 confirming further upward potential. Key resistance levels are at $0.04300, $0.04500, and $0.04750, offering target profit opportunities of 2.6%, 7.4%, and 13.3%, respectively. To manage risk, place a stop loss below $0.04000. The market shows strong accumulation near $0.04100, indicating buyer interest, and a confirmed breakout above $0.04300 could trigger rapid gains. Keep an eye on volume for confirmation of bullish momentum, and consider using a trailing stop once TP1 is hit to lock in profits.
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