$NEWT

USDT BEARISH DIVE – SELLERS STILL IN CONTROL ⚠️

$NEWTUSDT continues its steep decline, now trading at 0.3619, after failing to hold above key resistances. The consistent red candles highlight persistent selling pressure with no signs of reversal yet.

🔑 Key Levels:

Resistance: 0.3800 – 0.3930 (strong supply zone)

Support: 0.3540 (immediate support), next at 0.3400

📉 Trade Setup (Short Entry):

Entry Zone: 0.3640 – 0.3680

Take Profits:

TP1: 0.3540

TP2: 0.3450

TP3: 0.3400

Stop Loss: 0.3750

📊 Market Outlook: The hourly trend remains bearish with lower highs and lower lows formation. Momentum is strong to the downside as volume supports continuation towards the next support areas if 0.3540 fails to hold.

⚠️ Risk Management: Always trade with a maximum of 1-2% capital risk per setup. Ensure clear confirmation before entries to avoid traps during minor pullbacks.

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