🧪 $NEWT

/TRY BEARISH SETUP – MOMENTUM FADING BELOW RESISTANCE

$NEWT/TRY is currently trading at 13.43 TRY ($0.3369, down -0.30%) after failing to break above the 13.84 resistance zone. Price action is now consolidating with lower highs, and volume is softening—signs that bulls are losing grip. A confirmed breakdown below 13.18 would signal a deeper correction.

🔑 Key Levels

Resistance: 13.83 – 14.07

Support: 13.18 (immediate), then 13.12

Current Price: 13.43 TRY

📉 Trade Setup (Short):

Entry Zone: 13.40 – 13.55

Take Profit 1: 13.18

Take Profit 2: 13.12

Stop Loss: 14.15

💡 Short Market Outlook:

NEWT has entered a pullback phase after a recent high at 13.84, failing to reclaim upward momentum. The 5- and 10-period MAs are showing signs of convergence, suggesting weakening trend strength. If 13.18 is breached with volume, expect a dip toward 13.12 and possibly lower.

⚠️ Risk Management:

Use max 2–3% capital exposure

Stop loss should sit above 14.15 to avoid a short squeeze

Watch for volume confirmation under 13.18 before entering the trade

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