【$NEWT Signal】Short squeeze pullback and retest, betting on a secondary upward surge

$NEWT 1H level RSI at the H level surges to 87.69. The buy-side is extremely crowded, but the 4H level MACD histogram bars are still expanding, and bullish momentum has not yet been exhausted. Price has already broken above the 1H Bollinger upper band, and the short-term deviation rate is too large. The order book depth imbalance is only 0.81%, and the forces between bulls and bears are finely balanced.

The current price at 0.09308 is at the intraday high, and directly chasing higher offers a poor risk-to-reward ratio. A better approach is to wait for a healthy pullback, and enter by taking advantage of the market’s natural cooldown after it overheats.

⚡ Entry: Place orders near the lower boundary of the 0.07886 - 0.09261 range, watching the strength of the pullback.

🛑 Stop-loss: Below 0.07492, as the final line of defense for the long side.

🚀 Target 1: 0.09323, a resistance area near the prior high.

🚀 Target 2: 0.09360, the inertia surge level after breaking above the prior high.

🛡️ Trade management:
- Execution strategy: After price reaches Target 1, reduce the position by half. Move the stop-loss on the remaining position up to the entry price. If price cannot hold above 0.092 and pulls back, consider exiting early.

The negative funding rate of -0.9184% is abnormally high. Short positions are under huge cost pressure, which provides potential fuel for a short squeeze. The 1-hour trading volume after the surge has not significantly contracted, indicating that buy support is still present. The 4H EMA50 at 0.0753 forms a distant support that echoes the entry zone. Under this structure, the depth of the pullback may be limited, but if it does happen, it becomes an opportunity.

Check the live market 👇 $NEWT
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