$NEWT Testing the Ceiling at $0.3873, Breakout Imminent?
NEWT is showing strong momentum, gaining over 14% and now approaching its intraday high. Price is pressing against resistance with rising volume, hinting at a potential breakout or quick rejection.
Key Levels to Watch
Resistance: $0.3870 – $0.3880
A decisive breakout above this zone could trigger upside toward $0.4000 and $0.4150
Support: $0.3715 – $0.3750
Holding this level is key for bulls; otherwise, downside risk opens toward $0.3600 and $0.3500
Trade Setup – Price Coiling for Next Move
Bullish Entry: Break and hold above $0.3880
Target 1: $0.4000
Target 2: $0.4150
Stop Loss: Below $0.3710
Bearish Entry: Breakdown below $0.3715
Target 1: $0.3600
Target 2: $0.3500
Stop Loss: Above $0.3810
Rising volume and tightening range suggest a breakout is near — watch closely and trade on confirmation.
