$NEWT 🚨🩸 NEWT/USDT – FROM HYPE TO HURT! -21% MELTDOWN! 🩸🚨
📉 Current Price: $0.4230 (-21.61%)
📆 Timeframe: 1H | 🔻 RSI Weak | MACD Bearish Flip
Let’s unpack what went wrong… and what’s next 👇
#BinanceAlphaAlert ---
📊 CHART OVERVIEW – FROM SKY TO SLIDE!
🔺 24H High: $0.6464
🔻 Now: $0.4230 – over 34% drop from the top
📉 Huge volume spike + sharp selloff = Distribution confirmed
🟡 MA(7): 0.4329
🔴 MA(25): 0.4507
🔵 MA(99): 0.3798
⚠️ Price now stuck below both 7 & 25 MA – momentum clearly fading
#ScalpingStrategy 📉 MACD: Bearish cross confirmed — red zone growing
📉 RSI(6): 31.50 – approaching oversold zone, but still no signs of bounce
📦 O.I.: High at 50.2M – positions are loaded, but likely in red
⚔️ Long/Short Ratio: 0.93 = Caution! Bulls are still in, but pressure rising
#bearishmomentum ---
🎯 TRADING PLAN – CAUTION MODE ON ⚠️
🔴 SHORT SCALP IDEA (If weakness continues):
🚨 Entry: Breakdown below $0.4150
🎯 TP1: $0.3850 (24H Low)
🎯 TP2: $0.3430
🛑 SL: $0.4450
🟢 LONG ONLY IF RECLAIMED BULLISHLY
✅ Entry: Clean breakout above $0.4680 (past MA cluster)
🎯 TP1: $0.5020
🎯 TP2: $0.5450
🛑 SL: $0.4290
#BTC110KToday? ---
📌 KEY TAKEAWAYS:
🔻 Trend is clearly bearish – avoid dip buying blindly
🧨 MACD & RSI confirm breakdown
⚠️ Re-entry possible only after reclaim of 0.46+
👀 Watch O.I. shifts and volume divergence for early reversal signs
#Newt $NEWT