$NEWT USDT short trade signal 🚦 🛑 BEARISH PULLBACK INTO SUPPLY ZONE 🚨🛑
$NEWTUSDT is testing a strong supply zone after a sharp corrective bounce from its recent lows. Price action is showing signs of exhaustion as it approaches the 0.3870–0.3920 resistance band. With the overall trend still bearish, this pullback offers a prime short opportunity before sellers step back in.
📊 Trade Setup (SHORT):
Entry Zone: 0.3780 – 0.3870
Take Profit 1: 0.3600
Take Profit 2: 0.3555
Stop Loss: 0.3928
📉 Market Outlook: Downtrend remains intact as price respects descending channel resistance. A failure to close above 0.3920 will keep bearish momentum alive. Watch for confirmation with increasing sell volume near the upper boundary.