#WAVES Analysis:-

The current market structure of WAVES indicates a bullish trend. However, it is worth noting that the #cryptocurrency has recently faced a significant resistance area between $3.016 and $3.13. This resistance level has almost been rejected, suggesting a possible downward movement in price.

Considering this situation, it is anticipated that the price of WAVES may decline further towards the range of $1.20 to $1.30. It is advisable to closely monitor the price action and wait for the formation of a strong resistance level before making a short position.

In conclusion, based on the analysis of the market structure and resistance levels, it is recommended to exercise caution and wait for a clear indication of a downward price movement before considering a short position in WAVES.