$NEWT /USDT BULLISH LONG SETUP
$NEWT is showing strength as price holds above the MA(7) and MA(99), indicating short-term and mid-term momentum alignment. The slight resistance around 0.1647 suggests a breakout zone, with higher lows forming — a classic bullish continuation structure. MA(25) is flattening, hinting at an upcoming expansion move.
A sustained move above the recent resistance could trigger upside momentum, supported by accumulation pressure noticeable from narrowing price rejections.
LONG ENTRY: Above 0.1620
TP1: 0.1675
TP2: 0.1730
SL: Below 0.1565
Risk only 1-2% of capital per trade and avoid averaging into losing positions. Stick to your stop.
#CryptoTrading #NEWTAnalysis #BullishSetup #AltcoinStrategy #TechnicalAnalysis $NEWT