$NEWT – WATERFALL DROP IN PLAY! SELLERS DOMINATE THE TREND
REJECTED FROM $0.3935. FREEFALL CONTINUES WITH NO SIGNS OF SUPPORT.
$NEWT has entered a steep downtrend, posting consecutive red candles and breaking all short-term support zones. Price just touched a new 24h low at $0.3479 with no significant bounce, confirming strong bearish momentum. Unless bulls reclaim $0.355 quickly, more downside is likely.
Trade Setup:
Short Entry: $0.3480
TP1: $0.3400
TP2: $0.3320
SL: $0.3550
Trend is heavy to the downside — caution for dip buyers, breakdown is gaining strength.
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