$NEWT 🎀📛‼️ Reverse Flag at Chart: NWET Facing Breakdown Risks! ♨️❓

NWET is showing a textbook reverse flag formation—a bearish continuation pattern that smart traders never ignore. After a sharp drop, price has been consolidating in a weak upward-sloping channel, failing to reclaim critical levels. This setup often traps hopeful buyers looking for a reversal, only to deliver another leg lower once support finally gives out.

Technical indicators confirm the caution. RSI has flattened out after an initial recovery, signaling that bullish momentum is stalling. Volume is fading during the consolidation, proving demand is drying up while sellers quietly reload. On-chain data adds to the bearish case—exchange inflows have increased, showing more NWET is being prepared for liquidation instead of long-term holding.

If NWET loses the lower trendline of this reverse flag, a sharp breakdown could follow quickly, triggering stop-loss cascades and accelerating the downtrend. Short-term traders should stay extremely cautious and avoid assuming every bounce will stick—these patterns are notorious for punishing complacency.

Respect the signals, manage risk carefully, and don’t get lured in by temporary strength. NWET is on fragile footing, and the chart is warning that more downside could be just around the corner. 📛📛📛