$NEWT /USDT: Downward pressure still exists - slight rebound, but the downward trend remains intact

After falling to $0.2719, $NEWT showed a slight rebound, but the market structure remains weak. The price is struggling to regain the $0.2800 level, indicating that sellers are still in control of the market. Unless a strong breakout occurs above the resistance level, further decline seems more likely.

Trading Setup (Short Entry):

Entry: 0.2770 - 0.2790

Target 1: 0.2720

Target 2: 0.2680

Target 3: 0.2620

Stop Loss: 0.2835

Market Outlook:

Momentum is bearish with lower highs forming. Failure to regain the $0.2800 level will lead to further selling pressure. Bulls need a strong push in trading volume above $0.2850 to change the momentum; otherwise, bears will remain in control.

#Binance #NEWTUSDT #trading #altcoins

Buy and trade here on $NEWT