#Write2Earn #Newt @newt
$NEWT
🔴 SHORT / SELL Setup
💵 Current Price: $0.0477
📥 Entry Zone: $0.0479 – $0.0481 (near immediate resistance)
🎯 Target 1: $0.0471 (EMA7 support)
🎯 Target 2: $0.0462 (swing low)
🛑 Stop Loss: $0.0486 (above the 1h Bollinger resistance)
⚠️ Invalidation: A strong close above $0.0492 would invalidate the bearish setup and could open the way for further upside.
Trade idea: Wait for price to reject the $0.0481 resistance with weakening momentum before entering. Avoid chasing the short if price breaks and holds above $0.0492.
$NEWT
🔴 SHORT / SELL Setup
💵 Current Price: $0.0477
📥 Entry Zone: $0.0479 – $0.0481 (near immediate resistance)
🎯 Target 1: $0.0471 (EMA7 support)
🎯 Target 2: $0.0462 (swing low)
🛑 Stop Loss: $0.0486 (above the 1h Bollinger resistance)
⚠️ Invalidation: A strong close above $0.0492 would invalidate the bearish setup and could open the way for further upside.
Trade idea: Wait for price to reject the $0.0481 resistance with weakening momentum before entering. Avoid chasing the short if price breaks and holds above $0.0492.