$NEWT /USDT – SHORT TRADE SIGNAL🔴

DOUBLE TOP NEAR $0.3935

WEAK FOLLOW-THROUGH AFTER SHARP SPIKE

$NEWT spiked to $0.3935 but failed to sustain the momentum, forming a lower high and currently trading at $0.3775. This price action suggests exhaustion and potential reversal from the local top. With multiple failed attempts to reclaim the highs and increased wick rejections, the setup favors a short retracement toward lower support.

🔻 Entry Point: $0.3760 – $0.3800

🔻 Stop Loss: $0.3940

🔻 Take Profit 1: $0.3700

🔻 Take Profit 2: $0.3625

🔻 Margin: 2–3% of wallet

🔻 Leverage: 10x

📉 Market Outlook: Bearish bias builds as momentum fades near resistance. Breakdown below $0.3700 could accelerate downside into next key support zones.

#NEWT #CryptoShort #BinanceFutures #BTCUnbound #CFTCCryptoSprint