【$NEWT Signal】Pullback to Long + 1H Strong Consolidation, Preparing for a Second Surge

$NEWT The 1H timeframe has experienced a massive rally and is now consolidating strongly in the 0.074-0.076 range, a typical air-fuel pattern. The 4H timeframe has broken through the previous consolidation platform, with EMA20/50 in a bullish alignment, indicating an upward trend. Currently, the negative funding rate is -0.06% and open interest (OI) remains stable, suggesting that bears are still paying fees and the short squeeze risk persists. The order book depth shows significantly more buy orders than sell orders, with strong support below.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0755 - 0.0760 (Enter near the current price directly)

🛑Stop Loss: 0.0735 (Break below the lower boundary of the 1H consolidation platform and EMA50 support)

🚀Target 1: 0.0800 (Previous high resistance zone)

🚀Target 2: 0.0850 (4H extension target)

🛡️Trade Management:

- Position Size: Standard

- Strategy: After the price reaches 0.0800, reduce position by 50% and move the stop loss to the entry price of 0.0755. Hold the remaining position to aim for the second target. If the price retraces to the entry area and breaks below, exit decisively.

Depth Logic: After a massive volume in the past 4 hours, the price rejected a deep correction. The 1H RSI(56.45) is in a healthy retracement of the midline, indicating strength. Open interest(OI) remained stable during sideways trading, with no signs of capital fleeing. The order book depth imbalance reaches 37%, with buy orders clustered around 0.0755-0.0756, forming an immediate defense line. Coupled with the negative funding rate, this remains a bullish short squeeze market; the pullback is an opportunity.

View real-time market 👇 $NEWT

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