Hereโs a concise technical analysis for $NEWT
/TRY
๐ NEWT/TRY Snapshot
Current Price: โบ12.46
USD Equivalent: ~$0.30995
24h Change: +0.24% ๐ (Low but positive momentum)
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๐ 24h Range
High: โบ12.65
Low: โบ12.22
Current Position: Near mid-range
โ Neutral with slight bullish bias
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๐ Volume & Moving Averages
24h Volume (NEWT): 1.85M
24h Volume (TRY): โบ23.14M
Latest Volume Snapshot: 12,602.5
MA(5): 65,822.8
MA(10): 119,476.1
> ๐ Observation: Current volume is significantly below short-term and long-term moving averages, indicating low market activity and possible sideways movement.
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๐ Order Book Depth
๐ผ Resistance Levels
โบ12.47
โบ12.60
โบ12.70
โบ12.73
๐ฝ Support Levels
โบ12.35
โบ12.22
โบ12.12
โบ12.09
> โ ๏ธ The nearest resistance sits just above at โบ12.47
๐ Key support zone: โบ12.22 โ โบ12.09
๐ผ Breakout level: โบ12.65+
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๐ง Technical Summary
Price is consolidating near mid-range with low volatility.
Low volume suggests the market is undecided or waiting for a catalyst.
No major breakout or breakdown yet, but a close above โบ12.65 could trigger upside.
Risk zone if price dips below โบ12.09.
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๐ ๏ธ Trading Strategy Suggestions
๐ Bullish Scenario:
Entry: Break and close above โบ12.70 with rising volume
Targets: โบ13.20 โ โบ13.75
Stop-loss: โบ12.20
๐ป Bearish Scenario:
Entry: Breakdown below โบ12.09
Targets: โบ11.50 โ โบ10.90
Stop-loss: โบ12.60
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โ Conclusion
NEWT/TRY is trading in a narrow range, with minimal daily gain and low volume โ indicating consolidation. Watch for a breakout above โบ12.65 or breakdown below โบ12.09 for the next major move.
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