$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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