$NEWT
Around $0.455–0.462, where price is showing signs of short-term exhaustion near the upper Bollinger/Williams %R overbought range.
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- Volume Fade: If bullish volume starts fading while price stalls or makes a double top around this range, that could validate a short.
Risk Management
- Stop-Loss: Above local high or psychological barrier, say $0.475 or just above the last breakout wick.
- Take-Profit Zones:
- TP1: $0.426 (last consolidation zone)
- TP2: $0.405
- TP3: $0.385