🔻 $NEWT
USDT BEARISH BREAKDOWN – WILL NEWT FALL BELOW KEY SUPPORT? 🔻
$NEWTUSDT continues its strong downtrend on the 15m chart with lower highs and consistent selling pressure, showing bears are in full control as price nears its daily low.
🔑 Key Levels:
Current Price: 0.3415
Support: 0.3400
Resistance: 0.3500
🎯 Trade Setup (Short):
Entry: 0.3420 – 0.3440 (after minor pullback rejection)
Take Profits:
✅ TP1: 0.3380
✅ TP2: 0.3350
✅ TP3: 0.3300 (extended target if strong breakdown continues)
Stop Loss: 0.3470
📊 Market Outlook:
NEWT is showing heavy bearish momentum with price hugging its intraday support near 0.3400. A clean breakdown below this support zone can accelerate further downside towards the 0.3300 psychological level. Bulls will need to reclaim above 0.3500 to reduce current selling pressure.
⚠️ Risk Management:
Always risk only 1-2% per trade. Place your stop loss decisively to protect capital and avoid emotional exits in trending markets.
💬 Will NEWT break down further or stage a surprise bounce? Comment 🧐 if you’re trading this move today!
buy and trade here on $NEWT