$NEWT Key Decision Point: Reversal or Rejection Ahead?
NEWT is testing the $0.3150 resistance after rebounding from $0.3100 support. Price action shows early signs of recovery, but momentum is fading near the resistance zone. A clean breakout could reignite upside pressure, while a rejection may drag the pair back to support.
Key Levels to Watch:
Resistance Zone:
• $0.3150 – Immediate resistance
• $0.3185 – Confirmation breakout zone
Support Zone:
• $0.3100 – Key short-term support
• $0.3070 – Stronger base in case of pullback
Trade Setup – Patience is Key
Bullish Entry: Break and hold above $0.3150
Target 1: $0.3185
Target 2: $0.3220
Bearish Entry: Rejection and break below $0.3100
Target 1: $0.3070
Target 2: $0.3030
Volume is moderate, so wait for a clear move before positioning. The next 15-minute candles will decide the trend.