$NEWT USDT SHORT TRADE SIGNAL🔥💥
$NEWT USDT has printed a strong impulsive rally after forming a base near the 0.065 zone, followed by an aggressive breakout toward 0.088. However, the latest 1H structure shows exhaustion with long upper wicks and sharp rejection from the highs — indicating liquidity grab and potential distribution at the top.
Price is now struggling to hold above the 0.080 resistance-turned-supply area. Failure to reclaim highs suggests a corrective pullback toward lower demand zones.
Trade Setup:
Short Entry: 0.0785 – 0.0810
TP1: 0.0740
TP2: 0.0705
TP3: 0.0665
SL: 0.0845
Risk management is key as volatility remains elevated after the spike.
Market Outlook:
Momentum shows signs of cooling after the vertical push. If price fails to break and hold above 0.085, a deeper retracement toward 0.070–0.066 is likely before any continuation. Invalidation occurs on strong acceptance above the recent high.
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