đš $NEWT /USDT Post-Listing Volatility at Play! âĄ
$NEWT is under heavy pressure after its fresh Binance listing, now trading at $0.3368 with a steep -38% 7-day decline. Volume remains high, highlighting aggressive distribution after its launch pump.
đ Technical Levels
Critical Support: $0.3320 (must hold)
Major Support: $0.3306 (24H low breakdown zone)
Immediate Resistance: $0.3380
Key Resistance: $0.3400 (psychological level)
Strong Resistance: $0.3709
đ Bullish Case (Low Probability):
âą Entry Zone: $0.3320 â $0.3350
âą Targets: $0.3400 / $0.3450 / $0.3500
âą Stop Loss: $0.3280
If buyers step in and reclaim $0.3400, a bounce could stabilize the structure.
đ Bearish Case (High Probability):
âą Breakdown Trigger: Below $0.3300
âą Targets: $0.3250 / $0.3200 / $0.3150
âą Bounce Stop: $0.3420
Failure to hold $0.3320 could accelerate panic selling towards the $0.3200 zone or deeper.
đ Market Outlook:
Extreme caution warranted fresh listings often correct sharply, and $NEWT is showing classic post-hype distribution. Wait for support confirmation or risk being caught in a falling knife.
New token = extreme volatility. Trade tight, manage risk carefully.