$WAXP /USDT – Downtrend Signals Active
WAXP hit resistance at $0.02103 and has since printed multiple lower highs and bearish candles, indicating selling pressure. The rejection wick at the top and consistent volume spike during the drop reinforce short-term weakness.
Current Price: $0.02040
24H High/Low: $0.02103 / $0.01884
Volume: 90.35M WAXP
Short Setup:
Entry Zone: $0.02050 – $0.02080
Target: $0.01960
Stop Loss: $0.02120
Why Short?
Failed breakout, declining candle structure, and MACD flattening suggest momentum exhaustion.
Risk Tip: Scale out profits near local support and watch for reversal signs.
