$NEWT USDT short trade signal 🚦 🛑
BEARS READY TO PRESSURE PRICE FROM RANGE TOP
Price is stalling near a well-defined resistance zone after multiple failed breakout attempts, signaling weakening bullish momentum. Sellers are beginning to step in, and a breakdown from the current consolidation could trigger a swift move toward lower supports. The setup favors short entries with a solid downside target.
Trade Setup (Short):
Entry Zone: 0.3490 – 0.3500
Take Profit 1: 0.3473
Take Profit 2: 0.3436
Stop Loss: 0.3525
Market Outlook:
Momentum is shifting bearish as the range top continues to reject price action. A decisive close below 0.3480 with increased sell volume will confirm the move, opening the path toward the 0.3436 support. Quick follow-through is likely once breakdown triggers.
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