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【$WAXP】Long Position, 4H Breakout Above Bollinger Upper Band/Volume and Price Surge/Negative Funding Rate Resistance
$WAXP Daily surge of 26%, 4-hour level volume expansion exceeds 100x, price has broken above the Bollinger Band upper rail. The key point is that despite such a strong rally, the funding rate remains at -0.76%, short positions face extremely high costs, creating a risk of being squeezed.
Order book shows thick buy orders accumulating around 0.00793, with clear intent to support prices.
🎯Direction: Long⚡Entry: 0.00793 - 0.00800🛑Stop Loss: 0.00765🚀Target: 0.00875🛡Strategy: Take profits in batches, reduce position at first target, use remainder to protect breakeven while pursuing higher gains. Risk-reward ratio exceeds 3:1, worth considering.
View Real-Time Charts 👇 $WAXP
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