$NEWT /USDT – Bearish Breakdown in Progress
$NEWT has broken below the key support level at $0.3273, signaling a clear bearish trend as sellers gain control. The recent rejection from $0.3328 adds further pressure, suggesting a likely move lower if momentum continues.
Short Trade Setup:
Entry Range: $0.3260 – $0.3273
Target: $0.3134
Stop Loss: $0.3328
Market Insight:
The price is forming consistent lower highs and struggling to reclaim previous resistance levels. This breakdown from consolidation indicates further downside is likely unless buyers quickly push the price back above $0.3328. Keep an eye on rising sell volume for confirmation.