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Been watching $NEWT pretty closely today.
The bounce from $0.046 wasn't random. Buyers stepped in, absorbed the selling, and pushed it straight into $0.0529. After a move like that, profit-taking was expected.
What matters now is what's happening after the spike.
Price is still holding above the breakout area instead of giving everything back. That's usually where you find out if demand is real or if the move was only fueled by hype.
I'm not interested in chasing green candles after a sharp run. If this trend has another leg, it'll usually offer a cleaner entry than the one emotions try to sell you.
As long as $0.0485 holds, the structure still looks constructive to me.
The next move isn't about who buys first. It's about who stays patient long enough to buy right.
#GUSDYieldRisesto3.8%