NEWT/USDT – Massive Pump or Early Trap?
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$NEWT +50.97% in 24H | From $0.30 to $0.86 WICK!
NEWT just exploded with a 285% wick in a single candle—hitting a high of $0.86 before pulling back to $0.45. Volume surged over 419M NEWT, showing strong speculative interest.
🧠 Analysis:
Bullish engulfing with massive volume = possible breakout ignition.
However, the long wick suggests heavy profit-taking or bot activity.
Current support: $0.3950 | Key resistance: $0.5184
🚨 Caution: If price can’t reclaim $0.50+, a retracement is likely.
🔍 Question for the community: Do you think this was real demand or just a whale pump?
📊 Drop your chart thoughts & tag a fellow trader 👇
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