🔥 $NEWT is in a strong upward trend, but beware of a potential temporary pullback
$NEWT has been hot lately — strong upward momentum, although some consolidation is expected soon to catch its breath.
Quick volume summary: A massive volume increase of 73.9M pushed the price up by 27%. No deception here; all the candles are green and buyers are fully in control.
Money movements:
Spot market: Net flow of ~200K over the last 24 hours — it seems that retail investors are quietly accumulating.
Futures: Largest at 820K net long positions. Short-term charts (5 minutes to 1 hour) show continued buying pressure, with no signs of fading yet.
My strategy on $NEWT now: Buy cautiously, waiting for a pullback to enter.
Entry zones: Best around 0.1160 – 0.1180 if it re-tests the upper limit of the Bollinger band. If you’re bold, you can buy now while keeping a tight stop loss.
Stop loss: 0.1139
Take profit:
First target: 0.1285
Extend to 0.1350 if resistance is broken — good luck!
NEWTUSDT
Why I’m sharing: It’s true that RSI is slightly high, but the volume support, all these long positions in futures, and positive MACD? This combination supports continued movement. Only a breakout at 0.1255 will spark the real action.
#Newt #NEWTUSDT #NewtonProtocol
Trading futures is risky 🤞 always DYOR