$NEWT Tight Range Before the Next Big Move! Reversal or Continuation?
NEWT/USDT is currently trading at $0.3300, down -2.08% on the day. The price is trapped in a narrow range after a short-term recovery from the lows of $0.3217. With volume slightly rising and price stalling near resistance, traders should prepare for a potential breakout or breakdown.
Key Levels to Watch
• Resistance Zone: $0.3330 – $0.3360
A breakout above this zone may kickstart a bullish recovery toward:
• Target 1: $0.3440
• Target 2: $0.3510 (24H High)
• Support Zone: $0.3290 – $0.3260
Losing this level may invite renewed selling pressure with downside toward:
• Target 1: $0.3210
• Target 2: $0.3150
Volume Watch:
Volume remains below average at 51K. A spike in volume will be critical for confirming direction. Without it, choppy moves may continue.
Trade Setup
Bullish Entry
• Entry: Break above $0.3360
• Target 1: $0.3440
• Target 2: $0.3510
• Stop Loss: Below $0.3260
Bearish Entry
• Entry: Break below $0.3260
• Target 1: $0.3210
• Target 2: $0.3150
• Stop Loss: Above $0.3330
The chart is coiling tighter—expect an explosive move soon. Be prepared for both scenarios and watch for confirmation with strong volume.