【$WAXP】Short, 4H Top Formation/Volume-Price Divergence/Negative Funding Rate Liquidation Risk



$WAXP On the 4-hour timeframe, price has surged to the upper Bollinger Band, but the latest candle closed bearish with contracting volume, indicating a clear weakening of buying momentum. The MACD histogram is beginning to compress, while the funding rate of -0.567% signals overheated long leverage with liquidation risks. Price has formed a notable selling pressure zone near 0.0081, making short-term chasing highs extremely poor value.

🎯Direction: Short🚀Target: 0.0072⚡Entry: 0.00785 - 0.00795🛑Stop Loss: 0.00815🛡Strategy: Build positions in tranches at resistance on rebounds, hold after moving stop to breakeven.

Check real-time price 👇 $WAXP
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WAXP30,2%
BTC0,22%
ETH0,45%
SOL0,91%
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