$NEWT TUSDT BEARISH RETEST IN PLAY โ FADING RALLY COULD FUEL FURTHER DROP ๐ป
$NEWTUSDT just completed a classic bearish retest of the broken support turned resistance near $0.378. Price failed to reclaim the level and is now rejecting hard, showing signs of renewed downward pressure. With lower highs stacking and a clear downtrend structure, bears appear ready to push this lower once again.
๐ปTrade Setup:
Entry Zone: $0.3700 โ $0.3750
Take Profit 1: $0.3610
Take Profit 2: $0.3490
Stop Loss: $0.3825
๐ Market Outlook:
Momentum remains strongly bearish with consistent lower highs and sharp rejections near resistance. Volume has started to taper off, supporting a continuation to the downside if $0.3610 breaks. No major reversal signs โ caution for longs.
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