$NEWT

/USDT Short Trade Signal.!🔴

$NEWT surged reaching a high at 0.4854, but is now retracing with weakening momentum. Current price: 0.4186. RSI overextended earlier; volume is slowing down. Signs of a local top forming.

Entry (Short Zone):

0.4620 – 0.4750 (ideal rejection zone near local top)

Targets:

1. 0.4350 – intraday support

2. 0.4120 – 1h demand zone

3. 0.3880 – structure break & high reward zone

Stop Loss:

0.4900 – above local high + breakout invalidation

Key Levels:

• Resistance: 0.475 / 0.485

• Support: 0.435 / 0.412 / 0.388

• Pivot: 0.445 (break and retest flips bias)

Pro Tip:

If price hits 0.475 with strong wicks and low volume, consider laddering shorts. Watch for 15m EMA cross down and bearish divergence confirmation. If BTC starts dropping, this short strengthens.

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