$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!

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