The weekly chart of LAYER shows a reversal overbought signal (yellow).
Those coins that are 'strong contrarian whales' rise very quickly, but that doesn't mean they are easy to trade, especially when BTC is falling and they are still rising. It looks like free money, but in reality, it's a harvesting machine.
A slight shake can cause a 7% fluctuation, and contract trading is like a meat grinder, while the spot market will repeatedly throw investors out of the vehicle.
Currently, its trend is very similar to previous projects like AUCTION, OM, REEF, etc.
