$NEWT is currently finding out that what goes up vertically often comes back down even faster
$NEWT is showing a significant short setup as it hits a wall of heavy resistance. after a climb of +6.93% reaching a price of 0.0741, the chart reveals that the momentum is stalling right near the 0.0750 24h high. the sharp rejection candle at the peak of the 15m chart indicates that the bulls are exhausted after a steep vertical push. it will likely go down if the selling volume increases and breaks the 0.0735 support, potentially triggering a slide back toward the 0.0710 base, but it could go up if the market manages to catch its breath here and pushes for a clean breakout above 0.0755.
target 1 is 0.0725
target 2 is 0.0710
target 3 is 0.0695