$NEWT /USDT – Trade Setup & Analysis
Analysis:
$NEWT is holding a steady short-term uptrend, with price maintaining support above 0.3490. Buying volume remains consistent, and momentum indicators show bullish bias without overextension. The immediate challenge for bulls lies at 0.3712, followed by a stronger resistance zone near 0.3798 – 0.3824.
Trade Setup (Long Bias):
Entry: 0.3540 – 0.3580
Target 1: 0.3712
Target 2: 0.3798
Stop Loss: 0.3445
If price holds above 0.3490, upside continuation remains likely. A breakout above 0.3824 could open the path to the 0.3900 zone in the medium term.