$NEWT Consolidation Break Incoming?
Current Market Status
Price: $0.4051 (+5.22%)
24h Range: $0.3793 - $0.4250
Volume: 52.27M USDT
Key Technical Levels
BULLISH SCENARIO
Support Zone: $0.4000 - $0.4049
Entry Range: $0.4045 - $0.4055
Targets:
T1: $0.4100 (Immediate resistance)
T2: $0.4200 (Key breakout level)
T3: $0.4250 (24h high retest)
Stop Loss: $0.3950
BEARISH SCENARIO
Resistance Zone: $0.4100 - $0.4250
Entry Range: $0.4080 - $0.4100
Targets:
T1: $0.4000 (Support retest)
T2: $0.3950 (Lower support)
T3: $0.3800 (24h low zone)
Stop Loss: $0.4150
Market Verdict
Current consolidation between $0.4000-$0.4100 suggests accumulation phase. Volume spike indicates potential breakout. Watch for decisive break above $0.4100 for bullish continuation or below $0.4000 for bearish reversal.
Always use proper risk management and never risk more than 2-3% per trade.