$NEWT /USDT short trade signal š š¦
STRUGGLING AT RESISTANCE ā BEARISH BREAKDOWN ON THE HORIZON š»
$NEWT/USDT has tested a strong multi-tap resistance zone around 0.3780ā0.3830 multiple times, only to be rejected again. The repeated failure to break higher suggests a strong supply zone. With a tight rejection candle forming and bulls losing momentum, this sets up a high-probability short opportunity targeting previous support levels.
š“ SHORT TRADE SIGNAL
Entry Zone: 0.3780 ā 0.3824
Stop Loss: 0.3838
Take Profits:
ā¢ TP1: 0.3600
ā¢ TP2: 0.3493
ā¢ TP3: 0.3436
Margin: 2-3% of wallet
Leverage: 10x
š Market Outlook:
Price is consolidating right under resistance with signs of exhaustion. A breakdown below 0.3730 would confirm the short bias, potentially triggering a sharp drop to previous demand zones. Smart traders watch for volume to confirm the reversal.
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