The $WAXP suddenly changed direction with a strong surge and liquidity pull.

$WAXP — Buy (LONG)

Entry area: 0.00695 – 0.00705

Stop loss: 0.00665

Targets:

First target: 0.00725

Second target: 0.00745

Third target: 0.00780

This strong vertical movement indicates significant momentum, likely resulting from the liquidation of short positions (Short Squeeze). The price has also regained its daily structure and broke through the previous resistance near 0.00690, which has now turned into a support level.

If the price maintains trading above 0.00700, further upward movement is likely. Additionally, a clear breakout above 0.00720 could drive the movement to accelerate quickly.

Are we witnessing the beginning of a real reversal… or just a liquidity trap before a new drop?

Click here to trade 👇 $WAXP

WAXPUSDT

Perp

0.006283

+1.37%