$NEWT /USDT BULLISH REVERSAL IN PLAY | EYES ON RETEST AND BREAKOUT!
Current Price: $0.5155 (+16.86%)
Trend: Bullish Momentum with Pullback Opportunity
Exchange: Binance
KEY LEVELS:
Resistance:
🔸 $0.5800 – Minor resistance zone
🔸 $0.6600 – Strong breakout level
🔸 $0.7500 – Key target area
Support:
🔹 $0.5000 – Local support
🔹 $0.4600 – Secondary base support
🔹 $0.3763 – Daily low & invalidation level
TRADE SETUP (LONG):
Entry Zone: $0.5050 – $0.5200 (on support retest)
Targets:
TP1: $0.5800
TP2: $0.6600
TP3: $0.7500
Stop Loss (SL): $0.4600 (below structural support)
📌 RISK MANAGEMENT:
Stick to 2% capital risk per trade. Adjust SL as price moves in your favor. No overtrading. Use trailing stop after TP1 hit.
Volume surge + bullish price structure = breakout potential. Keep eyes on reclaim of $0.5800 for upside ignition!
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