From the market perspective, NEWT is currently in a strong upward trend, but there may be a need for a short-term pullback. The key levels are as follows:
Support Levels
- Strong Support: 0.5584 (support level tested multiple times previously; breaking below may indicate weakness)
- Short-term Support: 0.6352 (recent pullback low; suitable for light position testing for long)
Resistance Levels
- Short-term Resistance: 0.6950 (24-hour high; breaking above may accelerate)
- Strong Resistance: 0.7120 (psychological level; breaking above may push towards 0.8+)
Entry Points
- Aggressive: Buy in batches around 0.635-0.65 on pullback, stop loss below 0.61.
- Conservative: Wait for a breakout above 0.695 and a steady hold before chasing up, target 0.71-0.75. $NEWT