$NEWT

USDT BEARISH PULLBACK – WATCH FOR A DEEPER RETEST 🔻⚠️

NEWTUSDT failed to hold above the 0.3900 zone and is showing signs of a bearish pullback on the 1-hour timeframe. Sellers are regaining momentum after rejection from the intraday high at 0.4138, indicating possible continuation down if buyers don’t defend key support levels.

🔑 Key Levels:

Resistance: 0.3900 – 0.4000 (minor resistance zone)

Support: 0.3730 (daily low) and 0.3600 (major support)

Current Price: 0.3844

📊 Trade Setup (SHORT):

Entry Zone: 0.3850 – 0.3900

Targets (TP):

TP1: 0.3750

TP2: 0.3650

Stop Loss (SL): 0.3950

📈 Market Outlook:

The market is weakening after its rejection from 0.4138, with lower highs forming. A break below 0.3730 could accelerate selling towards deeper support levels, confirming bearish dominance in the short term.

⚠️ Risk Management:

Trade with strict discipline. Never risk more than 1-2% of your capital per trade. Exit immediately if price breaks above 0.3950 to protect your funds.

#CryptoAnalysis #NEWTUSDT #BearishSetup #TradingSignal #BinanceSquareTalks

💡 Comment ❌ if you see this pullback continuing today!

buy and trade here on $NEWT