$NEWT /USDT – SHORT SETUP ⚡
$NEWT is trading near $0.306 after a +5.8% move, but momentum is slowing below the $0.311 resistance. Price is showing early signs of rejection, making a short opportunity attractive.
Trade Setup (Short):
Entry: $0.306 – $0.310
Take Profit (TP): $0.296 – $0.288
Stop Loss (SL): $0.315
Outlook: A failure to break above $0.311 could trigger a pullback toward $0.296 and $0.288. If bulls reclaim $0.315, this setup becomes invalid.