$NEWT /USDT 4H Trade Setup:
š Market Insight:
$NEWT is trading at $0.311, down -2.17% in the last 24h. The price is ranging between $0.298 ā $0.324 with a slight bearish bias. SAR remains bullish, and MACD is trying to turn positive, suggesting a potential reversal brewing ā but not confirmed yet.
š„ Entry Zone:
$0.303 ā $0.311
Buy-the-dip zone just above strong support at $0.298 and aligned with SAR.
šÆ Targets:
$0.318 ā Minor resistance & mid-range
$0.325 ā Key rejection area from recent attempt
$0.333 ā Top of the recent range and 4H resistance
š Stop Loss:
$0.296
Below 24h low and invalidation point for the bullish structure.
š Key Levels:
Support: $0.303 / $0.298 / $0.296
Resistance: $0.318 / $0.325 / $0.333
Pivot: $0.311
š” Pro Tip:
Wait for confirmation with a bullish engulfing or MACD cross above the 0 line for higher probability. If $0.298 fails to hold, avoid chasing a bounce ā it could slide toward lower liquidity zones.
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