$NEWT/USDT – BEARISH REVERSAL AFTER STRONG SPIKE 🚨

$NEWT surged to a fresh high at 0.2922, but strong rejection has shifted momentum back to sellers. The price is now hovering around 0.2831 (+9.05%), showing exhaustion after the sharp rally. If bulls fail to reclaim higher ground, a deeper correction is likely.

🔻 Short Trade Setup

Entry Zone: 0.2820 – 0.2850

Target 1: 0.2750

Target 2: 0.2680

Target 3: 0.2550

Stop Loss: 0.2930

📊 Market Outlook

The breakout spike has met resistance, and red candles indicate fading buying pressure. Momentum is shifting towards sellers, with the next support seen near 0.2750. A bounce will only gain strength if price reclaims 0.2880+.

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