$NEWT/USDT - AI Token Holds Above MA60 Support After 10.64% Surge
NEWT has gained +10.64% to $0.1061, trading above the MA60 support level at $0.1046. The asset shows strong intraday momentum and is currently testing the 24h high of $0.1065. A successful hold above the MA60 could signal continued upward movement, targeting new resistance levels.
Key Levels:
Support: $0.1046 (MA60) / $0.1035 (Local)
Resistance: $0.1065 (24h High) / $0.1100 (Psychological)
Trade Idea (Long on Pullback to Support):
Entry Zone: $0.1048 - $0.1055 (On a pullback to retest MA60 as support)
Stop Loss (SL): $0.1030 (Below the MA60 support zone)
Take Profit Targets (TP):
TP1: $0.1065 (Test 24h High)
TP2: $0.1100
TP3: $0.1150 (Extended Target)
Rationale: The price is holding above the MA60 after a strong gain, suggesting bullish momentum. Buying a retest of this key support level offers a favorable risk-reward opportunity to target a breakout above the recent high.