【$WAXP】Short, 4H Overbought/Liquidity Gap/Severe Imbalance


$WAXP RSI surged to 80.12, price has broken above the Bollinger Band upper rail. 4-hour trading volume contracted significantly after the spike, with clear buy-side gap. Depth chart shows extremely thick sell-side orders, heavy selling pressure above, and funding rate of -0.3138% indicates huge cost advantage for short positions, this is a typical profit-taking and short squeeze arbitrage stage. Despite good risk/reward ratio, chasing highs now carries far greater risk than potential gains.
🎯Direction: Short🛑Stop Loss: 0.00835⚡Entry: 0.00810 - 0.00815🚀Target: 0.00746🛡Strategy: Take profits in tranches, strictly guard against rebounds.

View live market 👇 $WAXP
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WAXP32,55%
BTC-0,6%
ETH-0,8%
SOL-0,24%
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