🔻 $NEWT

USDT BEARISH BREAKDOWN – SUPPORT BREACH COULD SPARK FURTHER SELL-OFF

$NEWTUSDT is showing a sharp rejection from recent highs, with price now trading at $0.3920 (-3.45%), testing crucial support.

Key Levels:

Resistance: $0.4200 – $0.4485 (strong rejection zone)

Support: $0.3900 (currently being tested); next support near $0.3700

Trade Setup (SHORT):

Entry Zone: $0.3920 – $0.4000

Targets (TP):

TP1: $0.3800

TP2: $0.3700

Stop Loss (SL): $0.4100

Market Outlook:

The market momentum is strongly bearish after failing to hold above $0.4200 and forming a steep bearish engulfing pattern on the hourly chart. A breakdown below $0.3900 could accelerate the downtrend towards $0.3700.

📉 Risk Management:

Use proper position sizing with max 1-2% risk per trade. Wait for clear confirmation below support before full entry to avoid fake breakdowns.

💬 Comment “📉” if you see NEWTUSDT heading lower this week!

#Newt #CryptoTrading #BearishSetup #Altcoins #BinanceSquare

buy and trade here on $NEWT