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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