🔥 LAYER/USDT – DeFi on Fire After -44% Dump! 🔥
Current Price: $1.67 (-44.16% today)
Market Type: DeFi | Volatile & High-Risk
24h Range: $1.6369 – $3.1130
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Key Zones to Watch
Support: $1.6369 → $1.50 (psychological) → $1.25 (extreme flush zone)
Resistance: $1.8878 → $2.2126 → $2.5373 (EMA99 at $2.40) → $3.1130
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Trade Setups
1. Dead Cat Bounce
Setup: Look for a sharp bounce off $1.6369 with bullish confirmation (RSI >30, volume spike)
Entry: $1.67–$1.75
Targets: $1.8878 → $2.2126
Stop: Below $1.6369
Risk/Reward: 1:3+
2. EMA Rejection Short
Setup: Rejection at EMA25 ($1.90) or EMA99 ($2.40)
Entry: $1.88–$2.20 (look for bearish divergence or shooting star)
Targets: $1.6369 → $1.50
Stop: Above $2.40
3. Breakout Play
Setup: High-timeframe breakout above $2.5373
Entry: $2.60–$2.80 (after retest)
Targets: $3.1130 → $3.50+
Stop: Below $2.20
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Technical Snapshot
EMA Status: Price under all key EMAs (7, 25, 99) = strong bearish structure
Volume: $176M USDT – high liquidity, but signs of heavy distribution
RSI: Likely oversold (<30), but remember—DeFi can bleed longer than your patience
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Quick Tips
Scalpers: Focus on 15-min chart inside $1.63–$1.88 zone
Swing Traders: Wait for $1.63 to hold, or break above $2.40
Degens: Long from $1.63 if you're brave—tight stop, big prayer
Caution: A -44% day isn’t for the faint-hearted. Keep position sizes small or risk full liquidation.