### **Technical Overview #WAXP **:
- **Current Price:** $0.02403
- **24h High / Low:** $0.02869 / $0.02394
- **RSI(6):** ~18 — **extremely oversold**, suggesting a potential bounce or consolidation soon.
- **Volume:** Decreasing after a large spike — sign of fading sell pressure.
- **Chart Pattern:** After a sharp pump to $0.03088, the price has been steadily declining, forming a downtrend with no immediate signs of strong support yet.
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### **Spot Trading Signal:**
#### **Trade Type:** High-risk scalp / bounce play
- **Entry Zone:** $0.02380 – $0.02410
Enter on confirmation of consolidation or bullish candlestick pattern near support.
- **Stop-Loss:** $0.02340
Just below the 24h low and psychological round number.
- **Take Profit Targets:**
- **TP1:** $0.02520 (Recent minor resistance)
- **TP2:** $0.02620 (Near 50% retracement of the dump)
- **TP3:** $0.02750 (Stronger resistance zone before last pump)
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### **Risk Level:** Medium-High
This setup banks on a short-term relief bounce from oversold conditions. If BTC or the broader market turns red, be cautious — protect capital with a tight stop.
