$NEWT USDT BEARISH SETUP: FAILURE TO HOLD RECENT HIGH SHOWS WEAKNESS

NEWTUSDT failed to sustain above its recent high of 0.3359, pulling back towards 0.3302, suggesting sellers are defending higher levels aggressively. The market shows exhaustion after a quick rally and is now forming a lower high pattern, indicating a possible short-term downtrend continuation.

🔻 TRADE SETUP (SHORT):

Entry: 0.3300 – 0.3320

Targets:

TP1: 0.3260

TP2: 0.3235

Stop Loss: 0.3340

📊 MARKET OUTLOOK: The momentum is shifting bearish on the 15m timeframe with rejection wicks at resistance and a loss of bullish structure. If price breaks below 0.3280, further downside to 0.3235 is likely.

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