Analysis: $WHITE is struggling to break above the 50-period EMA on the 4-hour chart at $0.0005300, forming a bearish rejection wick. RSI is trending down from 55, and the price is at risk of dropping to $0.0004700, a key support level. Declining volume on rallies suggests fading buyer interest.
Key Levels:
Entry: $0.0005250
Stop Loss: $0.0005450
Target: $0.0004700 (10% downside)
Risk/Reward: 2:1
Short on a rejection at the EMA.
Key Levels:
Entry: $0.0005250
Stop Loss: $0.0005450
Target: $0.0004700 (10% downside)
Risk/Reward: 2:1
Short on a rejection at the EMA.
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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.