$WAXP ON EDGE: Long or Short NOW! 🚨
$WAXP is trading at $0.05565, showing a 24H high of $0.06100 after a sharp rejection. A bearish pullback forms a rising wedge pattern, signaling potential downside.
💡 Trade Setup:
• Long Entry: Above $0.05650, target $0.05850, $0.06000, $0.06150. Stop loss: $0.05450.
• Short Entry: Below $0.05400, target $0.05200, $0.05050, $0.04750. Stop loss: $0.05650.
⚠️ Market Outlook:
The rejection from highs hints at bearish momentum; expect a breakdown unless bulls defend key support levels. Stay alert for breakout confirmation!
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