$WAXP


๐Ÿ“Š WAXP / USDT Market Analysis

Current Price: Around 0.0083
Trend: Volume surge at low levels with pullback, currently consolidating at highs

๐Ÿ‘‰ Falls under "Strong Momentum Pullback"

โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”

๐Ÿ“ Key Levels

Resistance: 0.0086๏ฝž0.0088
Support: 0.0080
Key Support: 0.0076

โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”

๐Ÿ”บ Long Strategy (Primary Direction)

1๏ธโƒฃ Pullback Buy

Can go long near 0.0080
Stop Loss: 0.0076

Take Profit:
0.0086
0.009

โ€”โ€”โ€”

2๏ธโƒฃ Breakout Buy

Can chase long when holding above 0.0086
Stop Loss: 0.0082

Take Profit:
0.009
0.0095

โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”

๐Ÿ”ป Short Strategy (Auxiliary)

Can short when breaking below 0.0080
Stop Loss: 0.0083

Take Profit:
0.0076

โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”

๐Ÿ“Œ Key Conclusion

Currently still in strong structure
Prioritize buying on pullbacks

But if it breaks below 0.0080
Short-term trend weakens

โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”โ”

One Takeaway:

"Don't chase this coin higher
Wait for pullbacks to enter"
WAXP31.53%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments