$NEWT /USDT – ANALYSIS & TRADE SETUP
Analysis:
NEWT is trading at $0.3600, up +1.35% in the last 24 hours. Price recently pulled back from the $0.3798 high but is holding above the $0.3540 support. This consolidation phase could set up the next move, with bulls aiming for a retest of the recent high and bears watching for a breakdown below support.
Bullish Setup (LONG):
Entry: $0.3580 – $0.3620
Targets: TP1 $0.3680, TP2 $0.3750, TP3 $0.3800
Stop Loss: Below $0.3530
Reason: Strong support holding, potential bounce toward resistance zones.
Bearish Setup (SHORT):
Entry: $0.3730 – $0.3770 (if rejection near recent high)
Targets: TP1 $0.3660, TP2 $0.3600, TP3 $0.3550
Stop Loss: Above $0.3805
Reason: Price may face selling pressure at resistance if volume weakens.
