$NEWT USDT BEARISH CONSOLIDATION – BREAKDOWN LOOMING IF SUPPORT FAILS

The current price of $NEWTUSDT is 0.3507, showing a struggle to hold above key support levels. The market is consolidating tightly with sellers dominating near resistance zones.

Key Levels:

Support: 0.3450

Resistance: 0.3550

Current Price: 0.3507

Trade Setup (Short Entry):

Entry Zone: 0.3510 – 0.3540

Targets: 0.3470, 0.3430

Stop Loss: 0.3565

Market Outlook: The price is rejecting near its horizontal resistance and forming wicks on upside attempts, indicating strong selling pressure. A break below the 0.3450 support could accelerate the bearish momentum towards lower targets.

Risk Management: Trade with calculated position size, maintain a 1:2 or better risk-to-reward ratio, and always set your stop loss to protect capital in case of false breakdowns.

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