$NEWT Tight Range Before the Break!
NEWT is trading at $0.3228 and coiling just below minor resistance. Momentum has slowed, but consolidation in a narrow band signals a possible squeeze ahead. One strong candle can decide the direction.
Resistance:
• $0.3245 – $0.3260
Support:
• $0.3200 – $0.3180
Trade Setup:
Bullish Entry:
Break above $0.3260
• Target 1: $0.3300
• Target 2: $0.3360
Bearish Entry:
Break below $0.3180
• Target 1: $0.3125
• Target 2: $0.3080
Structure favors breakout traders. Wait for volume confirmation before entry.