【$WAXP】Short Position, 4H Top Rush/Volume-Price Divergence/Negative Funding Rate Squeeze

$WAXP On the 4-hour level, price has rushed to the upper Bollinger Band, but the latest candle closed bearish with shrinking trading volume, showing obvious weakening of buying momentum. The MACD histogram is beginning to contract, while the funding rate of -0.567% indicates overheated long leverage with risks of long squeeze. Price has formed obvious selling pressure around 0.0081, with extremely poor cost-performance for chasing highs in the short term.
🎯Direction: Short🚀Target: 0.0072⚡Entry: 0.00785 - 0.00795🛑Stop Loss: 0.00815🛡Strategy: Build positions in batches on rebounds to resistance levels, hold positions after moving stop to breakeven.

View Real-Time Chart 👇 $WAXP
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