$LAYER /USDT BEARS ARE IN CONTROL – STRONG REJECTION FROM SUPPLY ZONE!
After multiple failed attempts to hold above the $3.30 resistance, $LAYER has broken below key structure support around $3.15. A clear bearish engulfing formation has printed, indicating seller dominance. Price is now retesting the breakdown zone and preparing for continuation lower.
Trade Setup: (Short Trade Signal)
Entry: $3.15 - $3.20
Take Profit (TP): $2.86
Stop Loss (SL): $3.30
Outlook:
Momentum has shifted in favor of bears with a clean break below mid-range structure. Lower highs and increased wick rejections confirm the weakness. If price fails to reclaim $3.20, further downside toward $2.85 is expected.
Follow community and hit like if you find this setup valuable and want more real-time trade alerts!
