$NEWT Rebound Starting or More Downside Ahead?
NEWT is trading at $0.3645, slightly up by +1.93% as it attempts to recover from recent losses. Price tested the $0.3600 area and bounced slightly, but resistance remains stacked above. Bulls need strong follow-through to avoid another rejection.
Key Levels to Watch
Resistance: $0.3700 – A clear breakout could open the way toward $0.3800 and $0.3930
Support: $0.3600 – Losing this zone again may drag price down to $0.3520 and $0.3450
Trade Setup – Tight Range, Breakout Brewing
Bullish Entry:
Break and hold above $0.3700
Target 1: $0.3800
Target 2: $0.3930
Bearish Entry:
Break below $0.3600
Target 1: $0.3520
Target 2: $0.3450
NEWT is consolidating after heavy selling. With volume drying up, a strong move is likely ahead. Wait for confirmation and manage entries with care.
