$NEWT /USDT BULLISH ANALYSIS

Currently, $NEWT/USDT is trading at 0.2757, up +7.11% in the last 24 hours, showing strong bullish momentum after bouncing from its daily low.

Key Levels

Resistance 1: 0.2800 (minor intraday barrier)

Resistance 2: 0.2922 (24h High & strong resistance)

Support 1: 0.2700 (nearby support)

Support 2: 0.2546 (24h Low & strong demand zone)

Market Outlook

The price surged strongly earlier, hitting 0.2922, before retracing to the 0.2750 zone, which is now acting as a short-term support. If buyers hold this level, momentum could push price back to 0.2800 and above. Sustaining above 0.2800 will open the way toward 0.2920 retest.

Trade Setup

Long Entry: 0.2740 โ€“ 0.2760

Take Profit (TP):

TP1: 0.2800

TP2: 0.2880

TP3: 0.2920 (strong resistance zone)

Stop Loss (SL): 0.2680 (below immediate support)

Risk Management

Risk only 1-2% of total capital per trade.

Book partial profits at TP1 and move SL to entry for a risk-free setup.

Avoid chasing if price breaks 0.2920 without a pullback.

๐Ÿ‘‰ $NEWT is showing bullish continuation signs, but a breakout above 0.2800 will be key for further upside.

Would you like me to also outline a bearish scenario in case it fails to hold above 0.2750?

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