$NEWT Approaching Key Intraday Pivot — Will Bulls Reclaim Momentum or Bears Take Over?
NEWT/USDT is currently trading at 0.3155, showing signs of a base forming after a sharp retracement from 0.3228. Price is sitting just above key support while facing rejection from the short-term supply zone. With volume thinning out, the next breakout or breakdown could set the tone for the next move.
Key Technical Levels:
• Resistance Zone: 0.3175 – 0.3185
A breakout above this level may confirm a reversal back toward 0.3220+.
• Support Zone: 0.3145 – 0.3135
Bears may regain control if this floor gives way
Trade Setup
Bullish Scenario
• Entry: Above 0.3185 (candle close confirmation)
• Target 1: 0.3210
• Target 2: 0.3225
• Stop Loss: Below 0.3145
Bearish Scenario
• Entry: Below 0.3135 (confirmed break)
• Target 1: 0.3105
• Target 2: 0.3075
• Stop Loss: Above 0.3175
Watch For:
• Volume confirmation on breakout from current tight range
• Failed wicks or false breaks around 0.3175 zone
• RSI divergence or candle rejections on lower timeframes (15M–1H)
Momentum is cooling, but compression zones like this often precede volatility. Stay alert, set alerts, and prepare for either side.