$NEWT — BEARISH PRESSURE PERSISTING BELOW KEY MOVING AVERAGES

$NEWT is trading at $0.3150, down -1.16% after failing to hold above the $0.3175 zone. Price remains below the MA(25) at $0.3172 and the MA(99) at $0.3210, signaling continued downside risk. A breakdown under $0.3130 could open the door for a retest of the $0.3103 support.

Trade Setup (Short)

Entry: $0.3150 – $0.3165

TP1: $0.3130

TP2: $0.3103

Stop Loss: $0.3180

Market Outlook:

The short-term trend remains weak as momentum indicators hover in neutral-to-bearish territory. Staying below $0.3175 will keep sellers in control, while reclaiming above $0.3180 could spark a relief bounce toward $0.3210.

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