$LAYER /USDT SHORT TRADE SETUP BEARISH MOMENTUM 💯
Current Price: 0.5497
Market Structure: LAYER is trading near its 24h low of 0.5458, showing consistent lower highs and lower lows. The recent rejection around 0.5650 confirms selling pressure, and momentum favors a further downside move.
Entry Level: Enter short between 0.5500 – 0.5550 on a minor pullback.
Stop Loss: Place stop loss above 0.5650 to protect against sudden reversals.
Target Points:
TP1: 0.5400
TP2: 0.5350
TP3: 0.5300
Trade Analysis: Sellers are in control as LAYER fails to hold support at 0.5550 and drops toward fresh lows. A minor bounce into 0.5500–0.5550 could provide an optimal entry for short positions. A breakdown below 0.5400 would likely accelerate bearish momentum toward 0.5300.
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