$NEWT On the Edge – Breakdown Incoming or Recovery Bounce?
$NEWT is trading at $0.3126, down over 8%, with price hovering near critical intraday support. A tight range has formed after multiple rejections, indicating that a big move may be near.
Key Levels to Watch:
Resistance: $0.3155 – A breakout could push price toward $0.3180 and $0.3215
Support: $0.3100 – Losing this level may trigger a sell-off toward $0.3050 and $0.3000
Trade Setup – Volatility Expected Soon
Bullish Entry: Break above $0.3155 with strong volume:
• Target 1: $0.3180
• Target 2: $0.3215
Bearish Entry: Break below $0.3100 confirms downside potential:
• Target 1: $0.3050
• Target 2: $0.3000
Sentiment Watch:
Volume building, sellers dominating the book (60%+ ask pressure). Stay sharp.