$NEWT /USDT – Bearish Breakdown Setting Up 🔻
$NEWT now at $0.3110 (-3.24%) and trading below all key EMAs: EMA(7) at $0.3115, EMA(25) at $0.3148, and EMA(99) at $0.3203. Volume remains high at $103.59M – clear sign of selling pressure building.
📉 Short Setup:
Entry: Below $0.3086
TP1: $0.3050
TP2: $0.3020
TP3: $0.2990
SL: $0.3115
📈 Long Setup (Only if reversal):
Entry: $0.3193 – $0.3210
TP1: $0.3241
TP2: $0.3261
TP3: $0.3285
SL: $0.3086
Why I’m In:
$NEWT is in a confirmed downtrend with bearish EMA stack and fading buy interest. If $0.3086 breaks, a flush to $0.3050 or lower is likely. I’ll only consider long if volume steps in and price reclaims above $0.3193.