Analysis: $WHITE shows bearish divergence on the 1-hour MACD, with higher price highs but lower MACD peaks near $0.000527. The price is testing a weak support at $0.0005100, and a break could push it to $0.0004300, a prior low. Volume is decreasing, indicating reduced buying pressure.
Key Levels:
Entry: $0.0005100 (on break)
Stop Loss: $0.0005400
Target: $0.0004300 (16% downside)
Risk/Reward: 2.4:1
Enter on a confirmed support break with volume.
Key Levels:
Entry: $0.0005100 (on break)
Stop Loss: $0.0005400
Target: $0.0004300 (16% downside)
Risk/Reward: 2.4:1
Enter on a confirmed support break with volume.
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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.