$LAYER #layer

Chuanhe suffered a loss on this

Shorting at 1.5, stop-loss at 2.1 after ten days, the logic at that time was a top divergence pattern

Additionally, the sustainability of new coins is quite poor, entering positions with inertia thinking

Not much to reflect on

Currently, the intuitive news is that there will be a cliff unlock on May 16

The unlock value is approximately 100 million USD, of which 80% is unlocked for airdrops, ecology, and community, with the former accounting for 50%

The current RSI index is 71.20, indicating that the market is in an overbought state and may face a risk of correction at any time

It is expected that the price of LAYER will break below the rising trend line around 1.8 in the next month, and continued decline may go below 1.6 or even lower. Consider setting up high-risk, high-reward short positions near the break of the trend line

The current position is not very suitable for shorting, as there is no suitable stop-loss position and the risk-reward ratio is not high

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