$WAXP
🚀 “WAXP/USDT: Is WAX Primed for a Breakout? AI-Powered Analysis Reveals Targets!” 🚀
🔷 Pair: WAXP/USDT
🟩 Position: Futures | Long (80% Confidence)
🔍 Applied Deep Learning Model: LSTM (Long Short-Term Memory) + Prophet Model
📊 Key Considerations:
• Current Price: $0.04297
• US500 Influence: Slightly bullish, creating a supportive sentiment for crypto.
• 200 EMA: The price is slightly below 200 EMA at $0.04320, which is acting as immediate resistance.
• RSI (14): Neutral at 46, with room for upward movement.
📈 Recommended Trading Setup
♻️ Leverage: 8x
👉 Entry Zone: $0.04270 - $0.04320
🎯 Targets:
• T1: $0.04450 (+3.5%)
• T2: $0.04550 (+6%)
• T3: $0.04800 (+11.7%)
• T4: $0.05000 (+16.3%)
⛔ Stop Loss: $0.04100
• Reasoning: A 5% stop loss protects capital while accounting for market volatility.
🔄 Reversal Strategy (If Stop Loss Triggers):
• New Entry: $0.04000 - $0.04120
• New Targets:
• T1: $0.04250 (+4%)
• T2: $0.04350 (+7%)
• T3: $0.04500 (+11.8%)
• T4: $0.04750 (+16.8%)
• New Stop Loss: $0.03900
🔑 Key Technical Points Supporting Analysis:
1. MACD: Bullish crossover forming on the 4H chart, signaling potential upward momentum.
2. Volume: Recent increase in trading volume during dips suggests accumulation by large players.
3. Bollinger Bands: Price is near the lower band, indicating a high probability of a reversal to the mean.
4. 200 EMA: Price needs to break above $0.04320 to confirm a bullish trend.
⏰ Timeframe for Targets:
• T1: 6-10 hours.
• T2: 12-18 hours.
• T3: 1-2 days.
• T4: 3-4 days.
🔍 AI Predictions:
• The LSTM model forecasts a 75% probability of reaching T2 within 24 hours.
• Prophet Model indicates a potential for T4 within 3-4 days, contingent on breaking above $0.04550.
🚨 Why Take This Trade?
1. Bullish Indicators: Technical analysis aligns with AI predictions, suggesting a high-probability setup.
2. Volume Trends: Higher activity on dips implies strong institutional or smart money interest.