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【$WAXPUSDT】This wave of data doesn't add up, deep analysis breakdown
$WAXPUSDT European market open frontrunning period, 4-hour volume surged nearly 1.3 billion, but open interest remains unchanged, typical pump and dump structure. 1-hour RSI skyrocketed to 71.87, buy side showing obvious gap. MACD histogram at 1-hour level starting to contract, bullish momentum exhausted. Bollinger Band upper rail near 0.0080 facing heavy selling pressure, sell walls above 0.0079 far exceed buy walls, fund support intent completely exposed.
Don't catch the falling knife, wait for stabilization. Short directly at this level, enter at current price 0.007899, set stop loss slightly above 0.00825. Look for a pullback to 0.007518, scale out in batches when reached. Risk-reward ratio 4:1, this trade is worth the play.
Check real-time charts 👇 $WAXPUSDT
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