$NEWT Short Trade Signal – Trend Remains Bearish Below Key EMAs
📉 Momentum Description:
NEWT is currently trading at $0.4098, down 12.00% in the session, with a steep bearish structure. The price is trading well below both EMA(7) and EMA(25), indicating sustained selling pressure and no signs of reversal yet.
📊 Key EMAs:
EMA(7): $0.4214
EMA(25): $0.4569
📍Bearish Indicators:
EMA(7) is crossing under EMA(25), forming a death cross, confirming short-term downside continuation.
The sharp drop shows aggressive momentum from sellers, with no solid support visible near current levels.
📍Support Levels:
$0.38 – potential bounce zone
$0.35 – psychological support area
📍Resistance Levels:
$0.4215 – EMA(7), minor pullback zone
$0.4570 – EMA(25), major trend reversal level
🎯 Trade Setup:
Entry: $0.4090 – $0.4120 (current or slight bounce)
Stop Loss: Above $0.4215
Take Profit:
TP1: $0.38
TP2: $0.35
📉 Invalidation:
If price reclaims and holds above EMA(7) and especially EMA(25), trend reversal could begin. Until then, trend is clearly bearish.
⚠️ Risk Note:
The current volatility demands tight risk management. Consider confirming with RSI or volume for oversold spikes before entry.