$LAYER /USDT BEARISH BREAKDOWN — RELIEF BOUNCE FADING AFTER MASSIVE DUMP!
$LAYER has experienced a brutal selloff, dropping over 36% in the last 24 hours. Although there is a minor bounce forming from the $1.59 zone, price action remains bearish overall, and current movement appears to be a short-lived retracement rather than a reversal. The resistance near $1.90 could act as a ceiling for bears to reload.
Trade Setup:
Short Entry: $1.82 – $1.86
Take Profit (TP): $1.68 / $1.55
Stop Loss (SL): $1.91
Market Outlook:
Momentum is clearly in favor of sellers after a sharp vertical drop. Unless LAYER reclaims the $2.00 level decisively, this bounce is likely to fail. Watch for bearish rejection signals near the short entry zone.
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