$NEWT in the last 24 hours showed a confident growth of +27%, the current price is — 0.1242. This momentum indicates increased interest from buyers; however, it is important to assess not emotions but the structure of the movement. RSI (24h) = 57.88 — the indicator is in a neutral-bullish zone: the market is not overbought, the potential for continued growth remains, but without clear overheating.
Technical picture:
After the impulsive growth, the price entered a consolidation phase. This is typical behavior before choosing a direction. Volumes remain above average, confirming interest in the asset. The key task is to maintain current levels without aggressive sell-offs.
📈 Bullish scenario
If it consolidates above local resistance, a second wave of growth is possible.
Entry: $NEWT 0.122–0.125
TP: 0.135 / 0.145
SL: 3–5% from the entry point (rounded)
When the price moves into profit — it is recommended to move SL to breakeven.
📉 Bearish scenario
If the price $NEWT does not hold and goes for a correction:
Entry: from support 0.112–0.115
TP: 0.122–0.128
SL: 2–4% from the entry
⚠️ Risk management: use a small percentage of the deposit for the trade. Volatility in NEWT is high — risk control is critically important.
💬 Write in the comments which scenario you consider a priority.
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