$NEWT The Cliff Dive After the Hype....
After a dramatic vertical pump to $0.8600, $NEWT has plunged into a steep decline, now trading at $0.4201, showing a classic "pump and dump" pattern. With low bid strength and overwhelming selling pressure, the chart indicates strong potential for continuation to the downside.
📉 SHORT Trade Setup
• Entry Zone: $0.4200 – $0.4300
• TP1: $0.3800
• TP2: $0.3400
• TP3: $0.3000
• Stop Loss: $0.4650
Market Insight:
The massive wick from the top signals heavy distribution and retail trap. Volume is drying up while red candles continue to print. With 78.52% of orders stacked on the sell side and no meaningful support nearby, bears are in control. Caution for late longs this cliff may still have layers left to fall.