Analysis: $WHITE is trading near $0.000527, sitting on a fragile support at $0.0005000. The daily chart shows a descending triangle, with lower highs signaling bearish pressure. A break below $0.0005000 could trigger a move to $0.0004200, aligning with historical support. Stochastic oscillator is overbought at 80, suggesting a reversal.
Key Levels:
Entry: $0.0005000 (on break)
Stop Loss: $0.0005300
Target: $0.0004200 (16% downside)
Risk/Reward: 2.3:1
Monitor volume for confirmation of the breakdown.
Key Levels:
Entry: $0.0005000 (on break)
Stop Loss: $0.0005300
Target: $0.0004200 (16% downside)
Risk/Reward: 2.3:1
Monitor volume for confirmation of the breakdown.
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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.