Trade Signal: $WAXP USDT (1H)
Action: SELL (Short)
- Entry: 0.02900
- Stop Loss: 0.02980
- Take Profit 1: 0.02820
- Take Profit 2: 0.02740
Leverage: 3x (max)
Risk: 1% of capital
Rationale:
- Price rejecting from resistance level around 0.02938
- Overall downtrend still intact
- RSI showing overbought conditions, potential for reversal
Key Levels:
- Resistance: 0.02938, 0.03154
- Support: 0.02826, 0.02668
Management:
- Exit half position at TP1
- Move SL to breakeven after TP1 hit
- Trail stop loss on remaining position
Note: High-risk trade. Use strict risk management. Market conditions can change rapidly.
