📉 $WAXP is showing strong bearish momentum with a 4-sequence short setup, backed by $14K in cumulative short volume and 1.321% participation. The high participation relative to its daily volume indicates aggressive selling pressure, favoring further downside while bearish momentum remains intact.
📊 Trade Setup
🔴 Bias: SHORT
🎯 Entry: 0.0039860 – 0.0040200
🎯 Targets: 0.0039000 | 0.0038000 | 0.0036800
🛑 Stop Loss: 0.0041000
⚠️ I’m staying with the bearish trend until the chart gives me a reason to change my view. Risk management always comes first.
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