the detailed technical breakdown and trade insight for $NEWT /USDT Perpetual:

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📉 NEWT/USDT Market Snapshot

Last Price: $0.3587

Mark Price: $0.3587

24h Change: -11.23% (High volatility & strong bearish momentum)

24h High / Low: $0.4085 / $0.3520

24h Volume:

NEWT: 512.52M

USDT: $193.36M

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📊 Technical Overview

Current Trend: Bearish

Momentum: Selling pressure with sharp drop from $0.40+

MA(5): 80.97M

MA(10): 96.76M

Support Levels:

Short-Term: $0.3520 (key intraday low)

Deeper Support: $0.3275 / $0.2622

Resistance Levels:

Immediate: $0.4120

Breakout Level: $0.4966+

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🛠️ Trade Setup Ideas

🟢 Bullish Reversal Play

(Riskier — only valid if price reclaims above $0.375 with volume)

Entry: $0.375–$0.385

TP1: $0.408

TP2: $0.44

SL: $0.351

🔴 Bearish Continuation (Trend Following)

Entry: $0.358–$0.362 (on failed bounce)

TP1: $0.327

TP2: $0.262

SL: $0.375

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⚠️ Notes

The coin is experiencing high volatility and heavy sell volume.

Avoid longs unless there's a confirmed bounce with reclaim of $0.375–$0.40.

Bears currently in control — wait for confirmation before trading directionally.

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