🧬🔻 $NEWT /USDT BEARISH RETEST – STRUGGLING TO HOLD ABOVE SUPPORT 🔻🧬

NEWT is currently showing signs of weakness, trading at $0.3291 (-1.91%) after failing to break above recent resistance. With declining momentum and repeated rejection at key levels, bears may take control if $0.3196 breaks. ⚠️📉

🔍 KEY LEVELS:

🔴 Resistance 1: $0.3383 – 24h high & rejection zone 🚧

🔴 Resistance 2: $0.3600 – Breakdown point from last failed rally 🧱

🟢 Support 1: $0.3196 – 24h low & key defense zone 🛡️

🟢 Support 2: $0.3000 – Psychological support + previous structure base 🧲

🟢 Support 3: $0.2700 – Strong horizontal support (last-resort level) 📉

📌 CURRENT PRICE: $0.3291

📉 TRADE SETUP (SHORT):

✅ Entry: $0.327–$0.330 (on rejection or breakdown below $0.3196)

🎯 Target 1 (TP1): $0.3000

🎯 Target 2 (TP2): $0.2700

🛑 Stop Loss (SL): $0.3390 (above recent high)

📉 RISK MANAGEMENT:

Risk only 1–2% of your capital 💼. Confirm entry on a 15m/1H close below $0.3196 with increasing sell volume. Stick to 1:2+ R:R for effective risk control 📊

⚠️ NEWT is at a make-or-break zone — a drop below $0.3196 could trigger a swift move toward $0.30 and beyond. Stay alert and don’t fade the trend! 👀🔻

#NEWT #NEWTUSDT #CryptoTrading #Altcoins #Binance #TechnicalAnalysis $NEWT