$NEWT
/USDT Technical Analysis: Bearish Outlook
The 15-minute chart for NEWT/USDT displays a clear Head and Shoulders pattern, indicating a strong bearish reversal.
* Current Price: $0.4010
* 24h High: $0.4250
* 24h Low: $0.3756
Market Next Move: Bearish
The completed Head and Shoulders pattern strongly suggests a downward trend continuation.
Trading Levels:
* Entry Level (Short): Consider entries around $0.4050 - $0.4100, or on a confirmed break below the neckline (around $0.4000).
* Target Level: $0.3800 - $0.3750 (based on the pattern's measured move).
* Stop Loss: Place stop loss above the right shoulder, ideally around $0.4200.