$NEWT

USDT BEARISH PULLBACK – SHORT SETUP ON WEAK RECOVERY

$NEWTUSDT is currently trading at 0.3419, showing a slight bounce after an aggressive downtrend. However, the overall market structure remains bearish with lower highs and lower lows on the 1H timeframe.

🔑 Key Levels:

Resistance: 0.3500 – 0.3600 (previous supply zone and breakdown area)

Support: 0.3306 (24h low and next potential target zone)

📉 Trade Setup (Short):

Entry Zone: 0.3450 – 0.3500 (on pullback rejection)

Targets (TP):

TP1: 0.3380

TP2: 0.3340

TP3: 0.3306

Stop Loss (SL): 0.3550 (above immediate resistance)

📊 Market Outlook: Trend remains bearish with sellers maintaining control. Current minor recovery seems weak, forming a potential lower high before continuation to test deeper support levels if volume supports downside pressure.

⚠️ Risk Management: Always risk only 1-2% of your total capital per trade. Protect capital with disciplined stops to survive volatile sessions.

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