$NEWT Rally Testing the Ceiling, Decision Zone Ahead
NEWT is currently trading at $0.3634, gaining over 6% on the day and approaching its intraday resistance. With increasing volume and strong momentum, the pair is nearing a potential breakout zone — but the risk of a short-term rejection remains.
Key Levels to Watch
Resistance: $0.3650 – A strong breakout above this level could fuel upside toward $0.3720 and $0.3800
Support: $0.3600 – Losing this support may trigger a decline toward $0.3550 and $0.3480
Trade Setup – Waiting for Breakout Confirmation
Bullish Entry: Break and hold above $0.3650
• TP1: $0.3720
• TP2: $0.3800
Bearish Entry: Breakdown below $0.3600 with high volume
• TP1: $0.3550
• TP2: $0.3480
NEWT is tightening within a narrow range below resistance. A confirmed move above or below the range will dictate the next move. Traders should stay reactive and manage risk tightly.
