$NEWT Momentum Brewing: Breakout or Pullback?
$NEWT is trading at $0.3891, showing a healthy intraday bounce and eyeing a potential breakout from recent consolidation. The 15-minute chart suggests a squeeze pattern forming just below resistance, hinting at a decisive move ahead.
Key Levels to Watch:
Resistance: $0.3920 – Breakout above this level may accelerate bullish momentum
Support: $0.3860 – A breakdown here can expose lower zones
Trade Setup – Be Ready for Either Side:
Bullish Entry: Confirmed breakout above $0.3920
Target 1: $0.3980
Target 2: $0.4050
Stop Loss: Below $0.3860
Bearish Entry: Break below $0.3860
Target 1: $0.3800
Target 2: $0.3730
Stop Loss: Above $0.3920
Volume is gradually building, suggesting an impending move. Stick to your strategy, and manage your risk tightly.
{spot}(SPKUSDT)