$NEWT /USDT BEARISH ANALYSIS – SHORT SETUP ACTIVATED BELOW KEY MOVING AVERAGES

🔻 Current Price: $0.3475 (-8.79%)

📊 24H Range: High $0.3827 | Low $0.3429

📉 Trend: Bearish pressure increasing with price trading below all major MAs

🔍 KEY TECHNICAL LEVELS

Resistance Zones:

$0.3520 – MA(7), acting as immediate resistance

$0.3660 – MA(25) and strong supply zone

$0.3838 – MA(99), long-term trendline and breakdown level

Support Zones:

$0.3429 – Local support (24H low)

$0.3300 – Next psychological and technical support

$0.3120 – Stronger demand zone from previous base

📉 INDICATORS INSIGHT

MA Crosses: Bearish alignment – MA(7) < MA(25) < MA(99)

Structure: Lower highs and consistent sell-off from major resistance zones

Volume: Declining on bounce, rising on dips – confirms bearish dominance

💼 TRADE SETUP: SHORT ENTRY

Entry Zone: $0.3500–$0.3550 (on weak bounce into MA(7) zone)

Stop Loss (SL): $0.3680 – Above MA(25) & structural resistance

Take Profits (TP):

🎯 TP1: $0.3420

🎯 TP2: $0.3300

🎯 TP3: $0.3120

⚠️ RISK MANAGEMENT

Risk/Reward Ratio: 1:2 minimum

Capital Risk Per Trade: 1–2% max

Confirmation: Look for rejection wicks or bearish engulfing candle on retest before entering

📉 SUMMARY:

$NEWT/USDT is trending lower, trading firmly under all major moving averages. The rejection from $0.3660 area confirms bearish momentum. With support at $0.3429 looking weak, any bounce is a shorting opportunity.

Trend Bias: 🔻 Bearish under $0.3660

Plan: *Short the retest,

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