🚨 $NEWT /USDT – Major Pullback After Pump, But Holding Key Support! 🚨
“Big spikes come with big corrections—but the base still holds.”
$NEWT dropped nearly 10% after a massive surge to $0.6464. The 1H chart now shows price consolidating near the 99 EMA ($0.3836), forming a descending triangle with low volatility—typically a prelude to a breakout or flush.
🔍 Market Insight:
Despite the correction, price is still holding above its long-term trendline. MA(99) has acted as support multiple times, and volume is tapering off, hinting at a potential move soon.
🎯 Trade Setup:
Position: LONG
Entry: $0.4160–$0.4180
TP1: $0.4360
TP2: $0.4525
Final TP: $0.4790
SL: $0.3980
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