$NEWT /USDT BEARISH PRESSURE BUILDING!

TECHNICAL ANALYSIS:

$NEWT/USDT is currently trading at $0.3259, showing a -2.75% decline in 24h, indicating strong selling pressure near resistance zones. Price is hovering below the key level, with repeated rejections signaling potential for a further drop.

KEY LEVELS:

Resistance Levels:

$0.3320 (Immediate rejection zone)

$0.3380 (Major resistance & 4H supply zone)

Support Levels:

🔻 $0.3196 (Local support)

🔻 $0.3120 (Major demand zone)

TRADE SETUP:

SHORT Entry: On breakdown below $0.3230

Targets (TP):

TP1: $0.3196

TP2: $0.3150

TP3: $0.3120

❌ Stop Loss (SL):

Above $0.3320 (Break of lower high)

RISK MANAGEMENT:

Use 1-2% of capital per trade.

Stick to SL, and avoid chasing the move. Wait for a clean breakdown candle with volume.

Bearish structure confirmed — patience + discipline = profits!

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