$NEWT /USDT – Short Trade Entry Opportunity! 🔥💯

$NEWT /USDT has formed a double top on the 15-minute timeframe near the 0.4179 resistance, with strong upper wick rejections and a bearish candle closing below short-term support. This confirms a breakdown from the range and signals a potential reversal.

Entry: 0.4076

Target 1: 0.3892

Target 2: 0.3860

Target 3: 0.3843

Stop Loss: 0.4179

Risk Management:

Limit position size to 3–5% of portfolio capital. Once Target 1 is reached, shift the stop-loss to breakeven and consider trailing to lock in gains as the price declines.

Pro Tip:

Watch for declining volume on retracements and continuation candles below 0.4050 to confirm bearish momentum.

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