Analysis: $WHITE is trading in a tight ascending channel on the 30-minute chart, with the price at $0.000527 near the lower trendline. A break below $0.0005200 could confirm a channel breakdown, targeting $0.0004500, the next support zone. RSI is at 48 and falling, with no bullish divergence.
Key Levels:
Entry: $0.0005200 (on break)
Stop Loss: $0.0005350
Target: $0.0004500 (13% downside)
Risk/Reward: 2.2:1
Wait for a decisive break below the channel.
Key Levels:
Entry: $0.0005200 (on break)
Stop Loss: $0.0005350
Target: $0.0004500 (13% downside)
Risk/Reward: 2.2:1
Wait for a decisive break below the channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.