📊 NEWT Trading Strategy: Technical Outlook
$NEWT is holding near $0.31 USDT with strong liquidity on Binance. Market structure shows heightened volatility and volume following its recent listing, giving traders both breakout and pullback opportunities.
🔹 Trend Check (H4/D): Price remains above key EMAs, maintaining a bullish bias.
🔹 Momentum (H1): MACD signals a potential bullish cross, with volume expansion confirming interest.
🔹 Key Levels:
Support: $0.285 – $0.29 (Fib & EMA confluence)
Resistance: $0.347 / $0.387 (target zones)
🎯 Strategy Setup
Long Bias: Enter on breakout above resistance with volume confirmation OR pullback entry at VWAP / 21 EMA.
Stop-Loss: Below $0.285 (8% buffer).
Take-Profit: $0.347 (TP1), $0.387 (TP2).
Risk: Cap exposure to 1% per trade, scale out at TP1, trail the rest.
⚠️ Note: NEWT’s listing-driven momentum can cause sharp reversals. Manage leverage carefully (max 3–5x) and always set stops.
🟡 Trading Tip: Don’t chase FOMO spikes — wait for retests and volume confirmation to secure high-probability entries.
DYOR No Financial advice!
