Crash Continuation Setup on $WAXP USDT Short Bias Active
$WAXP is following the projected downside structure perfectly, with price getting rejected from the supply zone and continuing its lower-high formation. Weak momentum and lack of buying volume are clearly supporting further downside, and the current structure indicates that bears are still in full control. A breakdown below the intraday support will likely accelerate the move toward the $0.0070 region.
Short Setup:
Entry: $0.0076 – $0.0078
Stop-Loss: $0.0084
Targets: $0.0072 / $0.0070 / $0.0066
As long as price remains below the supply zone, the bearish pressure is expected to continue. Watch for volume expansion on breakdown that will confirm the next leg down and provide a clean move toward lower targets.