Trading Signals for $NEWT /USDT (15-Minute Chart)
$NEWT Current Price: $0.4100
Change: +6.05% (Bullish Momentum)
24h High / Low: $0.4250 / $0.3793
Volume (24h):
NEWT: 132.22M
USDT: 52.69M
Technical Observations (15-min timeframe)
1. Trend Direction:
Price has recently bounced from a local low (~$0.3962) and is showing an upward momentum.
Short-term reversal appears to be in progress after a series of lower lows.
2. Resistance & Support:
Immediate Resistance: $0.4138 - $0.4150 (tested, but not broken)
Major Resistance: $0.4250 (recent high)
Support Level: $0.4010, then $0.3962
3. Indicators (based on chart structure):
Candlesticks: Bullish engulfing patterns spotted, confirming potential short-term reversal.
Volume: Increasing slightly on green candles – positive buying pressure.
MACD (based on icon selection): Likely crossing upward or showing bullish divergence.
RSI (assuming typical behavior): Possibly moving from oversold toward neutral or bullish territory.
Trading Signal:
Entry Signal (Bullish):
Entry Price: $0.4090–$0.4110
Stop Loss: $0.4000
Take Profit Targets:
TP1: $0.4150
TP2: $0.4210
TP3: $0.4250 (strong resistance)
Risk/Reward Ratio: ~2:1 (moderate setup)
Caution:
Price is near resistance; breaking and closing above $0.4150 would confirm stronger upside potential.
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