Analysis: $WHITE is holding above a critical support zone at $0.0004876-$0.0005000, where buyers stepped in previously (per recent X post). The daily chart shows a rounded bottom forming, with RSI at 45, nearing oversold territory, hinting at a potential reversal. A bounce from this zone could target $0.0006000, the 200-period EMA resistance. Increasing volume on green candles supports accumulation.
Key Levels:
Entry: $0.0005100
Stop Loss: $0.0004750 (below swing low)
Target: $0.0006000 (15% upside)
Risk/Reward: 2.5:1
Watch for a higher low to confirm buyer strength.
Key Levels:
Entry: $0.0005100
Stop Loss: $0.0004750 (below swing low)
Target: $0.0006000 (15% upside)
Risk/Reward: 2.5:1
Watch for a higher low to confirm buyer strength.
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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.
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.