Analysis: $WHITE’s RSI on the 2-hour chart is at 75, indicating overbought conditions after a recent pump to $0.0005579. The price is stalling near $0.000527, with a bearish engulfing candle forming. A correction to $0.0004600, the 0.5 Fibonacci retracement, is likely if momentum fades. Declining OBV (On-Balance Volume) supports seller dominance.
Key Levels:
Entry: $0.0005250
Stop Loss: $0.0005500
Target: $0.0004600 (12% downside)
Risk/Reward: 2:1
Short on a confirmed bearish candle close.
Key Levels:
Entry: $0.0005250
Stop Loss: $0.0005500
Target: $0.0004600 (12% downside)
Risk/Reward: 2:1
Short on a confirmed bearish candle close.
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