【$NEWT Signal】Long + 1H Strong Breakout, Negative Funding Rate Short Squeeze in Progress

$NEWT The 1H level just broke above the previous high of 0.076 with increased volume, and the 4H level has closed higher consecutively, forming a strong upward trend. The current price is consolidating strongly around 0.0797, RSI on the 1H chart is as high as 78.3, indicating overbought conditions but with very strong momentum. Key data: Funding rate -1.08%, open interest remains stable. This is a typical short squeeze structure, with bears paying high costs, making it easy for the price to rise but hard to fall.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0790 - 0.0795 (Near current price)

🛑Stop loss: 0.0747 (Break below the previous 4H candle low)

🚀Target 1: 0.0840 (Resistance at the previous daily level)

🚀Target 2: 0.0890 (Extended target based on ATR measurement)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H and 1H trends are resonating, clear short squeeze logic)

- Execution strategy: After the price reaches 0.0840, reduce position by 50% and lock in profits, then move the stop loss of the remaining position up to the entry price of 0.0795. If the price strongly breaks through 0.0840, move the stop loss up to 0.0810 to aim for the second target.

Deep logic: Market depth shows sell orders accumulating around 0.0795-0.0800, but buy orders are also substantial, indicating fierce battle between bulls and bears. Open interest remains stable rather than decreasing, suggesting this is not just profit-taking but new funds are entering. Coupled with the extreme negative funding rate of -1.08%, bears are under huge pressure. Any small pullback could be quickly bought up, accelerating the short squeeze. The 1H EMA20 (0.0722) has become a dynamic strong support.

View real-time market 👇 $NEWT

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