🔴 $WAXP USDT – Range Rejection / Pullback Setup
Up-move stalled → lower high forming → sellers defending top of range.
📊 Trade Idea (Short Bias)
Entry Zone: 0.00685 – 0.00695
Target 1: 0.00675
Target 2: 0.00662
Target 3: 0.00650
Stop Loss: 0.00705
📉 Why This Looks Weak • Rising structure broke momentum
• Repeated rejection near 0.0069–0.0070
• Buying volume fading at highs
• Looks like distribution, not breakout
More likely range top → liquidity sweep → drop.
⚠️ Break and hold above 0.00705 invalidates the short view.
