๐จ $NEWT /USDT โ Crash or Opportunity? -13.43% Drop Sends Shockwaves! โ ๏ธ
$NEWT just took a major hit, plunging from its 24h high of $0.8600 to under $0.46. Is this a capitulation bottom, or is there more downside ahead? Letโs dive into the chart!
๐ Market Overview
๐ Current Price: $0.4557
๐ 24h High: $0.8600
โ๏ธ 24h Low: $0.4362
๐ฆ 24h Volume (NEWT): 442.54M
๐ฐ 24h Volume (USDT): $259.46M
๐ Technical Snapshot:
MACD: Bearish divergence forming โ momentum loss
SAR: Above price โ indicating downtrend
Bollinger Bands: Price riding lower band โ increased volatility
๐ $NEWT Trade Setup โ Key Levels to Watch
๐น Bullish Reversal (If $newtHolds Above $0.44):
Entry: Above $0.4650
Targets: $0.51, $0.57, $0.63
Stop-Loss: $0.4360
๐น Bearish Continuation (If $newtBreaks Below $0.4360):
Entry: Below $0.4360
Targets: $0.41, $0.38, $0.34
Stop-Loss: $0.4650
๐ NEWT Trading Insights
โ Oversold condition may prompt short-term bounce
โ ๏ธ Bearish structure โ caution required for long positions
๐ Heavy volume on selloff = watch for buyer re-entry or further dump
๐ก Pro Tip:
Wait for confirmation. A strong close above $0.4650 with volume can signal a reversal. Otherwise, brace for further downside.
๐ข Are you catching the knife or staying away? Drop your thoughts below! ๐ช
๐ฅ LIKE & FOLLOW for sharp analysis and timely setups! ๐
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