$NEWT IS BOUNCING FROM A KEY DEMAND ZONE โ BULLS REGAINING CONTROL ๐ฅ
Entry: 0.0443 โ 0.0448 ๐ฅ
Target: 0.0460 / 0.0470 / 0.0480 ๐
Stop Loss: 0.0427 โ ๏ธ
After a prolonged decline,
$NEWT has found aggressive buying at the 0.0427 support. The recent breakout from the base confirms a shift in momentum โ price is now holding above the entry zone with improving structure on the 4H. Volume is starting to pick up, suggesting this could be more than a dead cat bounce.
The R:R to the first target is roughly 1:3, which is attractive for a swing entry. Are you taking the long here or waiting for a retest of the range?
Not financial advice. Always manage your risk.
#NEWT #LongSetup #DemandZone #Reversal ๐ฅ