$NEWT Eyes Breakout bulls Target New Highs Above $0.36
$NEWT is on a strong upward trajectory, now trading at $0.3546 (+3.56%), after reclaiming key levels with consistent bullish candles on the 1H chart. The price is pushing against the 24H high of $0.3579, with momentum clearly favoring buyers.
Long Trade Setup:
• Entry Zone: $0.3520 – $0.3555
• Target 1: $0.3600
• Target 2: $0.3680
• Target 3: $0.3750
• Stop Loss: $0.3460
Technical View:
The chart shows a classic bullish structure with higher lows and strong green candles. A dominant 70.20% buy-side interest signals powerful demand. A break and hold above $0.3580 could trigger another strong leg up.
Risk Management:
Set stop below the last higher low. Book partial profits near key resistance levels. Watch for breakout confirmation with volume — price action suggests continuation if momentum holds.