$NEWT Recovery Trade Signal – Possible Bounce from Oversold Levels

📉 Momentum Description:

NEWT is trading at $0.4468 (-19.39%), showing signs of a potential short-term reversal after hitting a deep low of $0.3920. A strong bullish candle just closed above the EMA(7) and EMA(25), signaling early recovery momentum.

📊 Key EMAs:

EMA(7): 0.4366

EMA(25): 0.4386

EMA(99): 0.4736 (still acting as a major resistance)

📍Support Levels:

$0.4360 – EMA(7) support

$0.3920 – recent wick low and strong bounce zone

📍Resistance Levels:

$0.4550 – minor resistance

$0.4730 – EMA(99) & key reversal level

$0.4800+ – previous structure high

🎯 Trade Setup:

Entry: $0.4440 – $0.4470 (current zone)

Stop Loss: Below $0.4360

Take Profit: $0.4550 – $0.4720

📉 Invalidation:

If price closes below $0.4360 again, bullish structure will weaken and the downtrend may resume.

🔍 Market Outlook:

After a heavy dump, NEWT is attempting a technical bounce. If volume supports, it can climb toward the EMA(99) near $0.473. Ideal setup for short-term scalpers or rebound traders watching recovery plays. $NEWT