$LAYER Reversal Brewing❓Price Struggles to Stay Above $1.47❗After rallying from $1.4019 and tagging a 24h high of $1.5124, $LAYER is now showing signs of fatigue. The price is pulling back with rejection wicks and a fading push toward the $1.50 zone.

Key Zones to Watch:

• Resistance: $1.5000 / $1.5120

• Support: $1.4450 / $1.3950

Short Setup

• Entry Range: $1.4780 – $1.4950

• Targets:

TP1: $1.4450

TP2: $1.3950

TP3: $1.3430

• Stop Loss: $1.5150

Technical Take:

Momentum is cooling — Stoch RSI is dipping near 28, and the RSI at 43.48 signals fading strength. This could be a rising wedge breakdown brewing on the 15-min chart.

Quick Tip:

A 15m candle close below $1.47 could confirm bearish bias. Look for a breakdown retest or engulfing red bar before jumping in.

Volatility’s creeping in perfect for short scalps if this level fails!