🔍 Token $NEWT : RSI in the oversold zone – long with risk, but a chance for a rebound

Hello, crypto friends! 👋

Today we'll take a look at the token $NEWT. At first glance – nothing special. But if we dig deeper, the technicals whisper: RSI is already in the deep oversold zone. This is not a guarantee of growth, but a signal that attention should be heightened.

🔸 The price is currently in consolidation – that is, the asset is stuck in a sideways movement, but usually after such a phase, there is a strong move. Where? Either up 🚀 or down 📉. However, there is a nuance.

🔸 Bearish pressure is weakening, which may indicate a potential rebound upwards. I personally took the risk and opened a long position. This is not without risk, but I like the picture.

📌 If you are also looking towards LONG – be sure to set stop losses, don't go all-in, and always have your own trading logic.

⚠️ Important:

This post is not financial advice. I am simply sharing my perspective and actions. Make trading decisions thoughtfully. The market does not forgive reckless steps.

Take care of your portfolio!