$NEWT at Crossroads: Surge Ahead or Slip Below?
NEWT is currently trading near $0.3302, showing signs of recovery after bouncing from the $0.3260 support zone. Price is struggling just below resistance, with bulls trying to reclaim control. The next few candles may dictate the short-term trend.
Key Price Levels
Resistance Zone: $0.3310 – $0.3340
A breakout above this region may fuel bullish continuation toward $0.3360 and $0.3400.
Support Zone: $0.3260
If price breaks below this level, a move toward $0.3230 and $0.3190 could follow.
Trade Plan
Bullish Setup:
Buy on breakout above $0.3340
• Target 1: $0.3360
• Target 2: $0.3400
• Stop-loss: Below $0.3260
Bearish Setup:
Sell on breakdown below $0.3260
• Target 1: $0.3230
• Target 2: $0.3190
• Stop-loss: Above $0.3310
Price is coiling tightly—expect a decisive move soon. Be ready for volatility.