$NEWT USDT BEARISH REVERSAL – BUYERS LOSING MOMENTUM FAST

$NEWTUSDT surged to a high of 0.4138 but failed to hold gains and is now retracing sharply, trading at 0.3928 (+8.72% daily). The price has formed a lower high and broken below the minor intraday support, indicating fading bullish momentum and potential further downside if support levels fail to hold.

🔑 Trade Setup (Short):

Entry Zone: 0.3930 – 0.3960

Take Profits:

TP1: 0.3880

TP2: 0.3820

TP3: 0.3750

Stop Loss: 0.4010

📊 Market Outlook:

The current structure is turning bearish on the 15m chart with increased selling volume, negative MACD divergence, and a rejection from the peak. If the price fails to reclaim above 0.4000 soon, continuation of downside towards the support zone is likely.

⚠️ Risk Management:

Use tight stops and adjust position sizes carefully as volatility remains high following the recent pump.

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