$NEWT

$NEWT Pressing the range close to support:

Breakout or collapse?

$NEWT Currently trading at $0.3194 after rejection from resistance during the day. The price is consolidating near a key support, indicating that a decisive movement is imminent.

Key levels to watch

Resistance areas:

• $0.3225 – Initial breakout area

• $0.3260 – Continuation target

Support areas:

• $0.3185 – Immediate support

• $0.3135 – Collapse risk area

Trade setup

Bullish entry: above $0.3225 with volume confirmation

• TP1: $0.3260

• TP2: $0.3310

Bearish entry: below $0.3185 with strong rejection

• TP1: $0.3135

• TP2: $0.3080

Volume fading near support

— A breakout above $0.3225 or a collapse below $0.3185 is likely to set the tone for the next movement