$NEWT SHORT TRADE SIGNAL🔴
MAJOR SUPPORT BROKEN
SELL PRESSURE INTENSIFIES BELOW $0.3635
$NEWT has decisively broken down from the key $0.3635 support zone and failed to reclaim the $0.3676–$0.3729 consolidation area. Price is now trading below $0.3450, showing strong bearish continuation momentum. The failed bullish structure, followed by consecutive red candles, confirms a potential short setup with downside targets aligning with the previous demand zone.
Trade Setup:
• Entry Point: $0.3450 – $0.3530
• Stop Loss: $0.3635
• Take Profit:
• TP1: $0.3350
• TP2: $0.3200
• TP3: $0.3066
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook: Bearish continuation expected as long as price stays below $0.3530. Any retest of the breakdown zone may offer re-entry opportunities. Momentum favors sellers.