š $LAYER /USDT - Bearish Trading Setup šØ
š° Current Price: 0.7370 USDT
š 24-Hour Change: -0.43 %
ā³ Time Frame: 1-Hour Chart
š Market Trend: Bearish
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š Market Analysis:
ā
LAYER/USDT is in a strong bearish trend, forming lower highs and lower lows.
ā
The price is falling below key support, confirming increased bearish pressure.
ā
A downward trend line indicates ongoing selling pressure.
ā
The recent rejection at 0.7500 suggests a failed bullish attempt to reverse.
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š Bearish Trading Setup for LAYER/USDT
š¹ Sell Entry: below 0.7370
šÆ Target 1: 0.7000 ā
šÆ Target 2: 0.6899 ā
šÆ Target 3: 0.6750
ā Stop Loss: above 0.8600
š Bearish confirmation needed:
The price remains below key resistance (0.7500 - 0.7600).
Sustained selling pressure below the downward trend line.
No significant bullish breakout above 0.7700.
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š Bullish Scenario (if the price surpasses 0.8600)
š Buy Entry above: 0.8700
šÆ Target 1: 0.9000
šÆ Target 2: 0.9500
šÆ Target 3: 1.0000
ā Stop Loss: below 0.8300
š¹ Bullish confirmation needed:
Break above the trend line resistance.
Formation of higher highs and higher lows.
Increased buying volume and bullish candlestick patterns.
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ā ļø Final Thoughts:
š LAYER/USDT remains bearish unless a strong reversal occurs. The next support at 0.6899 could act as a short-term target.
š If the bulls manage to break the resistance at 0.8600, a trend reversal could be possible.
š Would you short this trade or wait for a bullish breakout? š»š
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