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$WAXP /USDT Bull Run Alert! 🔥💯
Current Price: $0.03293 USDT
Entry Price:$0.03295
Targets:
TP1: $0.03390
TP2: $0.03440
Risk Management:
Risk-Reward Ratio: Targeting a 1.5:1 or better ratio.
Trade Size: Adjust position size to limit risk to 1-2% of your trading capital.
Summary:
If price breaks out and sustains above the entry level, the first profit target could be achieved quickly.
Monitor for volatility and volume spikes, which could influence price action. #MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #BNBChainMeme #BinanceAlphaAlert
$WAXP
{spot}(WAXPUSDT)
Based on the provided image, here's a short-term Binance signal focusing on a potential long (buy) position for$ WAXP/USDT:
Signal:
Entry Point: Around 0.03419 (current price as shown in the image). Consider scaling in with limit orders slightly below this price to account for potential dips.
Target 1: 0.03446 (resistance level indicated by the 24h high).
Target 2: 0.03459 (resistance level shown in the order book depth).
Stop Loss: 0.03350 (support level shown in the order book depth).
Rationale:
Price is showing bullish momentum: The price is up 7.08% and is approaching the 24h high.
Volume increase: The 24h volume for WAXP is significant (112.11M), indicating strong interest and potential for further price movement.
Order book shows support: There is buy support around 0.03404 and 0.03350, which could act as potential support levels.
MACD crossover (not shown in image but implied): The upward price movement suggests a potential bullish MACD crossover, which is a common buy signal.
Important Considerations:
Short-term trade: This signal is based on short-term indicators and price action. Be prepared to take profits or cut losses quickly.
Market volatility: Cryptocurrency markets are highly volatile. Be aware of the risks involved and only trade with capital you can afford to lose.
Risk Management: Always use a stop-loss order to protect your capital.
Technical Indicators: This signal is primarily based on price action and order book analysis. Consider using other technical indicators to confirm the signal.
Do Your Own Research: This is not financial advice. Always do your own research before making any trading decisions.
Remember, this is just a short-term trading idea based on the limited information in the image. Market conditions can change rapidly, and it's crucial to stay updated and manage your trades accordingly.#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #BNBChainMeme