🚨 $NEWT /USDT Blow-Off Top Reversal: Bearish Setup in Motion

🔑 Key Levels to Watch:

Resistance: $0.4550

Support Zones: $0.3780 | $0.3200

📉 Trade Setup (Short):

Entry Zone: $0.4430 – $0.4550

Take Profit 1 (TP1): $0.3780

Take Profit 2 (TP2): $0.3200

Stop Loss: $0.4750

🧠 Market Insight:

After surging to an unsustainable high of $0.8600, $NEWT has entered a sharp corrective phase, retracing all the way to $0.3000. The current consolidation around $0.4430 shows limited buying interest, signaling weak demand at higher levels.

Momentum appears to favor the bears as the price struggles to reclaim $0.50 — a critical psychological and structural threshold. Unless bulls stage a significant breakout above $0.50, the path of least resistance points downward, potentially targeting support zones at $0.3780 and $0.3200.

🔍 Strategic Outlook:

Bearish momentum likely to intensify if $0.4550 holds as resistance.

Volume trends and bearish divergence in oscillators reinforce a potential breakdown scenario.

Set tight risk management parameters to navigate volatility.