$NEWT /USDT based on your data:
NEWT/USDT TECHNICAL ANALYSIS – BEARISH BIAS
Current Price: 0.2929 USDT
24h High: 0.3092 USDT
24h Low: 0.2914 USDT
24h Volume: 6.06M NEWT / 1.82M USDT
Key Levels
Resistance: 0.305 – 0.310 USDT (recent highs)
Support: 0.291 – 0.292 USDT (current price & 24h low)
Current Price Zone: Near support, showing mild downward momentum
Market Bias
Price dropped ~4.56% in the last 24h → bearish momentum.
Testing support at 0.291 USDT; a break below could open further downside.
Moderate trading volume indicates controlled selling pressure, not panic yet.
Trade Setup
Short Opportunity (Bearish Continuation):
Entry: 0.292 – 0.294 USDT
Stop Loss: 0.300 USDT
Targets:
TP1: 0.291 USDT
TP2: 0.285 USDT
Aggressive Long Opportunity (Potential Bounce):
Entry: 0.291 – 0.292 USDT (support zone)
Stop Loss: 0.285 USDT
Targets:
TP1: 0.300 USDT
TP2: 0.305 USDT
Risk Management
Risk only 1–2% of capital per trade.
Avoid buying if support breaks decisively with high volume.
Monitor resistance zone for potential shorting if price rebounds.
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