$WAXP /USDT – Bullish Reversal Potential!
Momentum Analysis:
After a sharp dip of 7.48%, WAXP is showing signs of consolidation around the 0.02398 support level, signaling a potential reversal. The strong 24-hour volume of 92.27M suggests market interest could fuel the next move, and with WAXP trading near the low of 0.02323, there’s a good opportunity for upside in the coming hours.
Long Setup:
Entry Zone: 0.02398
Targets:
T1: 0.02458
T2: 0.02488
T3: 0.02550
Stop Loss: 0.02300
Breakout Confirmation Level & Key Support:
Breakout Confirmation: 0.02434
Key Support: 0.02323
Pro Tip for Traders:
Look for a breakout above 0.02434 to confirm bullish momentum. If the price consolidates above 0.02398, this could set up a solid entry for a bounce back.
Trading Data:
Price: $0.02398
24h Change: -7.48%
24h High: 0.02597
24h Low: 0.02323
24h Volume: 92.27M (WAXP), 2.24M (USDT)
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