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$NEWT Signal】Short Covering Rebound + 1H Momentum Repair
$NEWT The 1H timeframe has experienced a massive rally and is now undergoing a healthy correction, with current prices finding initial support around 0.0785. The 4H timeframe has broken through the previous consolidation zone, and the trend has shifted upward. Key points: after the large rally, open interest remains stable, and the funding rate is as high as -1.55%, indicating strong short covering expectations. The 1H RSI has fallen from overbought levels to 64, gathering strength for another upward move.
🎯Direction: Long (Long)
🎯Ent