$NEWT
USDT BEARISH PULLBACK â WATCH FOR A DEEPER RETEST đ»â ïž
NEWTUSDT failed to hold above the 0.3900 zone and is showing signs of a bearish pullback on the 1-hour timeframe. Sellers are regaining momentum after rejection from the intraday high at 0.4138, indicating possible continuation down if buyers donât defend key support levels.
đ Key Levels:
Resistance: 0.3900 â 0.4000 (minor resistance zone)
Support: 0.3730 (daily low) and 0.3600 (major support)
Current Price: 0.3844
đ Trade Setup (SHORT):
Entry Zone: 0.3850 â 0.3900
Targets (TP):
TP1: 0.3750
TP2: 0.3650
Stop Loss (SL): 0.3950
đ Market Outlook:
The market is weakening after its rejection from 0.4138, with lower highs forming. A break below 0.3730 could accelerate selling towards deeper support levels, confirming bearish dominance in the short term.
â ïž Risk Management:
Trade with strict discipline. Never risk more than 1-2% of your capital per trade. Exit immediately if price breaks above 0.3950 to protect your funds.
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đĄ Comment â if you see this pullback continuing today!
buy and trade here on $NEWT