$NEWT at Crossroads – Bounce Incoming or Breakdown Brewing?
NEWT is teetering near a local support at $0.3073, after repeated rejections from the mid-$0.3100 zone. Price action is compressing, signaling an imminent decision – either reclaim lost ground or slide toward deeper lows.
Key Levels to Watch:
• Resistance Zone:
• $0.3090 – $0.3110
Bulls need a breakout above this range to flip momentum upward.
• Support Zone:
• $0.3070 – $0.3045
Holding this level is crucial – a breakdown may trigger stop hunts.
Bullish Setup:
• Entry Trigger: Break above $0.3095 with volume
• Target 1: $0.3115
• Target 2: $0.3140
• Stop Loss: Below $0.3070 (to avoid false breakouts)
Bearish Setup:
• Entry Trigger: Break below $0.3070
• Target 1: $0.3050
• Target 2: $0.3040
• Stop Loss: Above $0.3095 (to avoid whipsaw)
NEWT in Tight Range – Prepare for the Squeeze Play!
Volume is steady but not explosive yet. This range won’t last long – be ready for a breakout or breakdown. Wait for confirmation, don’t guess the move.