đ¨ $NEWT /USDT squeeze Setup Breakout or Breakdown?
$NEWT is hovering at $0.3891 with a clean squeeze forming on the 15-minute chart bulls and bears are battling for the next directional move. Volume is steadily increasing, pointing to a potential breakout soon.
đ Key Levels to Watch:
⢠Resistance: $0.3920 a break above could spark bullish momentum
⢠Support: $0.3860 a break below exposes lower levels
đ Bullish Scenario (on confirmed breakout above $0.3920)
⢠Entry: $0.3920+
⢠TP1: $0.3980
⢠TP2: $0.4050
⢠SL: Below $0.3860
đ Bearish Scenario (on confirmed breakdown below $0.3860)
⢠Entry: $0.3860â
⢠TP1: $0.3800
⢠TP2: $0.3730
⢠SL: Above $0.3920
Market Outlook:
The structure is tight momentum will decide the winner. Watch price reaction around $0.3920 and $0.3860 for the next big move.