$NEWT /USDT BULLISH BREAKOUT SETUP WITH CONTINUATION POTENTIAL
The chart structure shows a steady formation of higher lows, indicating sustained buying pressure. Price action is respecting an ascending trendline while consolidating just below a minor resistance zone, suggesting accumulation before a potential breakout.
A successful move above the recent high zone can trigger momentum-driven upside, supported by increasing volume and tightening price range. The overall trend bias remains bullish as long as the structure of higher lows is intact.
LONG ENTRY: On breakout and retest of the resistance zone
TP TARGETS: 0.0853 / 0.0870 / 0.0895
SL: Below 0.0800 support zone
Alternatively, if price fails to hold trendline support and breaks down:
SHORT ENTRY: On confirmed breakdown below 0.0800
TP TARGETS: 0.0780 / 0.0755
SL: Above 0.0825
RISK MANAGEMENT: Risk only 1–2% of total capital per trade, avoid over-leveraging, and wait for confirmation before entry to reduce false breakout exposure.
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