$NEWT Shipping: Rebounding from the Abyss.....
After reaching a low of $0.3398, $NEWT has turned to an upward trend with strong momentum on the 15-minute chart. The price is aggressively regaining levels with higher lows and strong volume, and the continuation of the explosion is on the table.
LONG Setup
Entry Area: $0.3530 – $0.3545
TP1: $0.3599 (previous high)
TP2: $0.3660
TP3: $0.3740
Stop Loss: $0.3490
Market Outlook:
NEWT is recovering from its daily low and has already pushed more than +2% on increasing volume. Rejection supports are drying up — indicating seller exhaustion. A clean breakout above $0.356 could ignite the next move.
Watch for confirmation above $0.3555 with an increase in volume.
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