Analysis: $WHITE faced rejection at $0.0005579 (recent high, per X post), forming a double top on the 4-hour chart. The price is struggling to hold $0.000527, with MACD showing bearish divergence. A drop below $0.0005000 could accelerate selling toward $0.0004300, a prior low. RSI is rolling over from 60, supporting a bearish bias.
Key Levels:
Entry: $0.0005250
Stop Loss: $0.0005600
Target: $0.0004300 (18% downside)
Risk/Reward: 2.8:1
Wait for a clean rejection candle to enter.
Key Levels:
Entry: $0.0005250
Stop Loss: $0.0005600
Target: $0.0004300 (18% downside)
Risk/Reward: 2.8:1
Wait for a clean rejection candle to enter.
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.
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.