AFTER RECOGNIZING THE HEALTHY BREAKDOWN OF #WAXP WE HAVE TOOK THIS NEXT STEP...
There are many who have done their part in creating more selling pressure causing the total breakdown of WAXP below its major support that held its price from 2022-2023. As a matter of fact, we consider this movement to be just part of its healthy market cycle. From the decline that happened, we have recognized the potential accumulation to be brewing from these levels. Having this in mind, we took a long position trade of our own that has produced a total profit of 30.10% with a risk-reward ratio of 3.03. Potential strong price action will most likely happen for this altcoin in the following months/years.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
