$NEWT $NEWT
!NEWT/USDT – Consolidation Before Potential Rebound 🔄🐧
Current Price: $0.3785 (−5.85%)
On the 1-hour timeframe, we observe a modest decline with the price bouncing multiple times near the $0.3768 level (24-hour support), amidst a weak bearish momentum in trading volume, indicating the possibility of 'buy the dip' funds preparing to defend this level.
Trade Setup:
Entry Area: $0.3780 – $0.3820
Target 1: $0.3950
Target 2: $0.4120
Target 3: $0.4350
Stop Loss: $0.3700
📌 Trader's Advice:
Wait for confirmation of the price holding above $0.3820 with a slight increase in volume before increasing position size. After reaching Target 1, move the stop loss to the entry price to secure capital, and allow the remaining portion to chase higher targets.