โ ๏ธ $WAXP /USDT โ Bearish Breakdown Threat! ๐จ
๐ Price: $0.02679 (+15.18%)
๐ Key Levels:
Resistance: $0.0285 โ $0.0300
Support: $0.0265 (critical zone)
24H Range: $0.02310 โ $0.03088
๐ Market Insight:
๐จ Price is pressing against a strong support zone with repeated tests, while a descending trendline continues to compress price action.
๐ป Breakdown risk is high if $0.0265 failsโwatch for volume spike confirmation.
โ ๏ธ Bulls losing steam after the explosive move; sellers slowly gaining control.
๐ฃ Short Trade Setup:
Entry Zone: $0.0268 โ $0.0272
Targets:
TP1: $0.0254
TP2: $0.0242
TP3: $0.0233
โต
๐ก๏ธ Stop Loss: $0.0284
๐ก Pro Tip:
Use a tight SL and scale out at targets. A 1H candle close below $0.0265 could trigger a fast dropโstay alert!
$WAXP