$WAXP 🐋 +4.1% Pump & 45.4x Volume Spike on
$WAXP , what's happening here?
- Given the extremely strong volume and cluster of bullish indicator signals, I expect price to attempt higher levels soon, especially if 0.00414–0.00410 holds and buyers step in on a retest.
- My preferred scenario is to wait for a pullback into the 0.00414–0.00410 zone, then look for signs of reversal (pin bar, bullish engulfing, lower timeframe breakout) to go long, targeting 0.00430, 0.00440, 0.00444, and possibly 0.00453.
- Confirmation to enter: Strong bullish candle off the 0.00414–0.00410 zone, especially if accompanied by a failed breakdown (liquidity grab) and quick recovery.
- If price closes below 0.00410 or especially 0.00397 with heavy volume, my bias would shift to neutral or bearish, expecting a deeper correction toward 0.00390 or 0.00381.
- This volume anomaly is likely smart money positioning, but always be prepared for a fakeout with such sharp moves. Wait for confirmation — if you see a manipulation wick below 0.00410 that quickly snaps back up, that could be your entry trigger.
📝 This is not investment advice, only an educational report on how I see the current price action. Always use clear risk management and wait for confirmation before entering after volatility spikes like this! 🚦
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