🔻 $NEWT USDT BEARISH TREND CONTINUES – RELIEF BOUNCE BUT DOWNSIDE STILL IN PLAY

$NEWTUSDT has been under consistent selling pressure with no strong reversal signals yet. Although a minor relief bounce is occurring near $0.3705, the overall structure remains bearish as lower highs dominate the chart.

📊 Key Levels:

Current Price: $0.3705

Support: $0.3526 (24h low) – critical support zone

Resistance: $0.3965 (24h high) – strong rejection area

📈 Trade Setup (Short):

Entry: $0.3720 – $0.3800

Take Profit 1: $0.3600

Take Profit 2: $0.3520

Stop Loss: $0.3940

💡 Market Outlook: The 1H chart shows a persistent downtrend with temporary small green candles failing to reverse the momentum. Bears remain in control unless a strong break above $0.3965 occurs with volume support.

⚠️ Risk Management: Risk only 1-2% of your portfolio per trade. Maintain tight stops above resistance to avoid sudden squeezes during relief bounces.

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buy and trade here on $NEWT

💬 Comment 🔻 if you’re trading this bearish setup today!