EVENING TRADING STRATEGY FOR NEWTU! 📈💡

Hey traders! 😄 NEWTU has skyrocketed +102.33% today, reaching 0.5823, making it a hot topic on the 1-hour and 4-hour charts. With such a massive surge, let’s analyze the technicals and plan our evening trade! The RSI (80.23) is nearing overbought territory, and the MACD (0.0217) shows strong bullish momentum, but the recent pullback from 0.6464 suggests a potential pause. Volume (204M) remains robust, supporting the uptrend, though the 5-day MA (176.55) and 10-day MA (109.01) indicate a possible consolidation phase.

Technical Outlook & Recommendation:

The rapid rise increases the risk of a reversal, so a short position might be more prudent now to capitalize on a potential pullback. However, if you’re bullish, a long with tight risk management could work. I lean toward short due to overextension.

• Entry Point: 0.5823 📍 – Enter at the current price.

• Stop Loss: 0.6464 🚨 – Above the recent high to limit upside risk.

• Take Profit: 0.4528 🎯 – Targeting the prior support level for a solid gain.

Profit %: (0.5823 - 0.4528) / 0.5823 × 100 ≈ 22.3%.

Notes: Watch for confirmation of a bearish candle; if it breaks 0.6464, switch to long with a new entry at 0.60 and TP at 0.6713. Stay cautious—volatility is high! 😄 Hit Sell wisely! 💥 Need more? Ask me! 😉$XRP