$NEWT
USDT BEARISH DOWNTREND – SHORT SETUP ACTIVATED
$NEWTUSDT continues to form lower highs and lower lows, indicating strong bearish momentum with potential for further downside if key support levels break.
🔑 Key Levels
Resistance: $0.3196 (24H high and strong rejection zone)
Support: $0.3034 (24H low and major demand zone)
Current Price: $0.3086
🎯 Trade Setup (Short)
Entry Zone: $0.3090 – $0.3110
Targets (TP):
TP1: $0.3060
TP2: $0.3040
TP3: $0.3010
Stop Loss (SL): $0.3135
📊 Market Outlook The price action is clearly bearish with no strong reversal signs yet on the 1H chart. If sellers continue to defend below $0.3135, expect a retest of $0.3034 support and potential continuation towards $0.3010 in the upcoming sessions.
⚠️ Risk Management Always risk only 1-2% of your capital per trade. Place stop loss properly and never average down in a strong trend to protect your account from large drawdowns.
💬 Comment “💥🐻” if you’re entering this disciplined bearish setup today.
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buy and trade here on $NEWT
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