$NEWT at a Crossroad – Surge Incoming or Trap Ahead?
NEWT/USDT is currently trading at $0.3412, showing a strong daily gain of +10.42%. However, the recent pullback from resistance suggests indecision in the market. Price is now testing a key support area that could either hold for a bounce or give way to a deeper correction.
Key Technical Zones:
• Resistance Zone: $0.3500 – $0.3550
This area has rejected price twice today. A breakout here could open up bullish momentum.
• Support Zone: $0.3380 – $0.3400
Price is currently holding this region. A breakdown could pull the pair back to $0.3300.
Trade Setup:
Bullish Setup:
If price reclaims and breaks above $0.3500
• TP1: $0.3550
• TP2: $0.3600
• TP3: $0.3660
• Stop-loss: Below $0.3380
Bearish Setup:
If price breaks and closes below $0.3380
• TP1: $0.3320
• TP2: $0.3270
• TP3: $0.3220
• Stop-loss: Above $0.3450
Volume Confirmation is Key. Watch for a strong push on either side of the range to confirm direction. This zone is tight, and a breakout could be explosive. Stay focused!