$NEWT Tight Range Showdown: Breakout or Fade Incoming?
NEWT is currently trading at $0.3127, showing a slight upward push with increased volume. Price is now testing short-term resistance, with a possible breakout or rejection scenario on the table.
Key Levels to Watch:
• Resistance: $0.3130 – A breakout above this level may trigger bullish continuation.
• Support: $0.3100 – A breakdown below this base could send price lower.
Trade Setup – Be Ready for Swift Moves!
Bullish Entry:
On a confirmed breakout above $0.3130, targets could be:
• TP1: $0.3150
• TP2: $0.3170
Bearish Entry:
If price breaks below $0.3100, downside targets may include:
• TP1: $0.3075
• TP2: $0.3050
Let the candle confirm above/below key levels before entering. Fakeouts are common in tight consolidation zones.