$NEWT

USDT BEARISH CONSOLIDATION – BREAKDOWN IMMINENT?

$NEWTUSDT is trading at 0.3407 (-1.90%), showing persistent weakness after its previous highs around 0.4400. Price action is forming a tight consolidation near its recent lows, indicating potential for a further bearish breakdown.

🔑 Key Levels:

Resistance: $0.3600 – $0.3800 (previous breakdown zones)

Support: $0.3395 (immediate) and $0.3200 (next major support)

📊 Trade Setup (Short):

Entry Zone: $0.3420 – $0.3460

Targets (TP):

TP1: $0.3300

TP2: $0.3200

TP3: $0.3050

Stop Loss: $0.3550 (above short-term resistance)

📉 Market Outlook: Overall trend remains bearish with lower highs and lower lows visible on the 4H chart. Failure to hold above 0.3395 support could trigger accelerated selling towards 0.3200. Momentum is weak, and sellers are clearly dominating.

⚠️ Risk Management: Always use strict stop-loss to protect capital. Avoid overleveraging in breakdown setups. Recommended risk per trade: 1-2% of portfolio.

#BearishSetup #CryptoTrading #NEWTUSDT

#MarketAnalysis #RiskManagement

💭 Comment “🔥” if you caught this breakdown move and follow for premium technical setups daily.

buy and trade here on $NEWT