🔻 $NEWT USDT Showing Weakness After Pump – Bears Slowly Taking Over 🐻
After an explosive move from $0.2896 to $0.8558, $NEWT is now showing signs of exhaustion, hovering around $0.5808 with low momentum. The pattern of lower highs and tight candles signals distribution, and bulls are losing strength. If selling pressure increases, a drop could be imminent.
📉 Bearish Trade Setup (Short Idea):
• Entry: $0.5800 – $0.5900
• Take Profit 1 (TP1): $0.5200
• Take Profit 2 (TP2): $0.4550
• Take Profit 3 (TP3): $0.3900
• Stop Loss (SL): $0.6300
🚨 Break below $0.55 will likely confirm the reversal. Bears in control unless bulls reclaim key resistance.
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