$NEWT USDT SHORT TRADE SIGNAL š“ | REPEATED REJECTION AT RESISTANCE ZONE SIGNALS SELL-OFF INCOMING
$NEWT USDT has failed multiple times to break above the critical 0.4500 resistance level, forming a clear lower high structure. Sellers are aggressively defending the zone, and the latest candle shows strong bearish momentum. If the price loses the 0.4410 support, a deeper correction is likely toward the next demand zone.
Trade Setup
Entry Zone: 0.4432 ā 0.4500
Take Profit Targets:
⢠TP1: 0.4300
⢠TP2: 0.4190
⢠TP3: 0.4070
Stop Loss: 0.4542
Margin: 2ā3% of wallet
Leverage: 10x
Market Outlook:
Price action is weakening below the resistance with no bullish continuation. Volume is decreasing, signaling exhaustion. A breakdown from current levels would favor short positions as bears take over momentum.
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