$NEWT – STRONG BOUNCE FROM LOCAL LOWS – LONG TRADE SIGNAL
$NEWT found support at 0.3856 and is now bouncing with strength after a sharp intraday drop. The price action has reclaimed the previous breakdown candle, suggesting a reversal attempt with potential upside continuation toward key resistance zones.
Trade Setup:
Long Entry: 0.3910 – 0.3925
Target 1: 0.3970
Target 2: 0.4040
Stop Loss: 0.3860
Short Outlook:
Momentum is shifting back to the upside after reclaiming 0.3900. A clean push above 0.3970 could extend the rally, but failure to hold the bounce may re-expose downside.
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