$NEWT

USDT BEARISH – MOMENTUM FADING AFTER REJECTION FROM LOCAL HIGH

NEWT has shown a strong upside spike towards $0.4250 but faced immediate rejection, forming lower highs and a shift in momentum back to bearish near $0.4004. Sellers are regaining control after this failed breakout, indicating further downside potential if support levels are broken.

🔻 Trade Setup (Short):

Entry: $0.4020 – $0.4050

Targets (TP):

➔ TP1: $0.3950

➔ TP2: $0.3880

➔ TP3: $0.3800

Stop Loss: $0.4120

📉 Market Outlook:

Current structure shows a failed breakout with bearish engulfing candles forming, suggesting downward continuation. Watch for volume confirmation on breakdowns below $0.3950 for extended targets.

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buy and tread here on $NEWT