đ NEWT/USDT Trade Breakdown
Price: $0.3673 (đ» 6.52% decline)
24h Range: $0.3557 to $0.3954
Volume: 155.59M NEWT and 58.47M USDT traded in the last 24h, showing strong market activity
đ§ Key Takeaways
1. Trend Check
Price trades below EMA(7), EMA(25), and EMA(99), indicating a clear downtrend
EMA(7) at $0.3639 is below EMA(25) at $0.3670, showing short-term selling pressure
EMA(99) at $0.3787 remains a strong resistance level
2. Levels to Watch
Support at $0.3557. If broken, next support is $0.3540
Resistance at $0.3683, then $0.3754 and $0.3825. Major barrier stands at $0.3954 (24h high)
3. Momentum Pulse
The 6.52% drop shows strong sell pressure
Watch for consolidation around current price or further downside
đ Trade Ideas
Bearish Bias: Short below $0.3557 with a target of $0.3540. Set stop-loss near $0.3683
Bullish Setup: A reclaim of $0.3683 and EMA(7) could spark a short-term bounce. Bulls need a break above EMA(99) at $0.3787 for stronger confirmation
Volatility Alert: High volume can drive quick reversals. Stay alert
â Final Word
NEWT shows bearish momentum with clear resistance overhead
Trade smart, keep risk tight, and let EMAs guide your entries and exits
Pro tip: Use RSI and MACD with this setup for added confidence