$NEWT $NEWT $NEWT Short Setup @The Notcoin Official
NEWT faces selling pressure after being rejected from the upper resistance area, forming lower highs on the 1H and 4H timeframes. Weak momentum along with ongoing pressure on the downtrend indicates a likelihood of continuation towards deeper support levels.
Entry: Short entry below 0.2940 upon confirmation
Targets (TP):
TP1: 0.2900
TP2: 0.2860
TP3: 0.2800
Stop Loss (SL): 0.3080 above the last resistance
Risk Management: Limit risk to 1-2% of capital for each trade, take partial profits at TP1, and raise the stop loss to protect gains as the price moves in your favor.
