Analysis: $WHITE is showing a bearish crossover on the 1-hour chart, with the 20-period EMA crossing below the 50-period EMA near $0.000527. Momentum is fading, as RSI drops below 40, indicating seller pressure. A break below $0.0004876 (recent support) could target $0.0004500, the next Fibonacci retracement level (0.618). Declining volume suggests weak buyer defense.
Key Levels:
Entry: $0.0005200
Stop Loss: $0.0005579 (above resistance)
Target: $0.0004500 (14% downside)
Risk/Reward: 2:1
Short on a confirmed break below support.
Key Levels:
Entry: $0.0005200
Stop Loss: $0.0005579 (above resistance)
Target: $0.0004500 (14% downside)
Risk/Reward: 2:1
Short on a confirmed break below support.
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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.