$NEWT – Long Trade Signal (Potential Bounce)
Current Price: 0.5896
Support Level: 0.5864
Resistance Level: 0.6449
Entry Zone: 0.5800 – 0.5900 (Confirming bounce from MA7)
Trade Targets:
• TP1: 0.6100 🎯
• TP2: 0.6300 🎯
• TP3: 0.6500 (Potential retest of resistance) 🎯
Stop Loss: Below 0.5750
$NEWT has seen a sharp pullback after its recent surge, currently testing its 7-period Moving Average on the 15-minute chart. The RSI is cooling off (64), which might indicate a healthy correction. Look for confirmation of support at this level before entering, as a break below could lead to further downside. This could be a good opportunity for a quick bounce play.