š $NEWT /USDT (Perpetual) ā Technical Breakdown
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š Price Snapshot
Last Price: $0.6316
Mark Price: $0.6651
24h Change: +106.41% ā
24h High / Low: $0.6464 / $0.2622
š Volume
Volume (NEWT): 899.67M
Volume (USDT): $416.41M
Vol (Current): 458.2M
MA(5): 123.5M
MA(10): 81.5M
> š„ Explosive volume ā nearly 4xā5x the average, confirming a high-momentum breakout.
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š§± Support & Resistance Levels
Resistance Zones (above):
$0.6657 ā Breakout zone (above mark price)
$0.6464 ā Recent high
Psych level: $0.70 (watch for seller traps or wicks)
Support Zones (below):
$0.5811 ā First demand zone
$0.4966 ā Strong structure support
$0.4120 ā Pullback base
$0.3275 ā Key fib support
$0.2622 ā Extreme low (start of the rally)
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ā ļø Market Structure & Sentiment
This is a parabolic move, up >100% in a day.
Such moves often retrace sharply, even if the trend continues afterward.
Mark price above last price suggests buy-side pressure remains strong, but it may also be a sign of late longs entering.
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š§ Trade Scenarios
š© Bullish Continuation (With Pullback)
Entry Zone: $0.58ā$0.61 (retest of breakout)
Stop: $0.55
Target 1: $0.665
Target 2: $0.70+
Invalidation: Close below $0.49 (loss of structure)
š„ Fade the Pump (Short-term Reversal Play)
Entry Zone: $0.64ā$0.67
Stop: $0.69
Target 1: $0.58
Target 2: $0.50
Extended: $0.41
> ā ļø Only for advanced traders ā strong momentum could squeeze shorts fast.
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š Key Notes:
RSI likely overbought on 15m/1h ā look for bearish divergence before fading.
If it consolidates above $0.60, it's forming a continuation flag, not a top.
Monitor volume decay and price rejection near highs for early signs of reversal.
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