🪝🏹LAYER/USDT: Accumulation Phase or Breakdown? Here's My Strategy
LAYER/USDT just dropped hard from the $4 zone and is currently consolidating near $1.76. With a 44% drop in 7 days but a +13.66% bounce in the last 30 days, I’m eyeing this as a potential accumulation zone before a trend reversal.
⭐Why I’m Watching LAYER:
⚡RSI is stabilizing in the mid-range after the dump — indicating sideways consolidation.
⚡Heavy buy-side interest (83% bid dominance) showing smart money might be accumulating.
⚡Volume dropped post-crash — classic sign of a cooldown before the next move.
My Strategy:
1💰.Buy Zone: $1.70–$1.76 (current range)
2💰.Stop-Loss: Below $1.60 (if breakdown continues)
3💰.Targets: $2.10 short-term, $2.60 swing if momentum builds
Add on dips only if volume remains healthy and no new breakdown occurs
Risk Note: This setup only works if $1.60 support holds. Be cautious of fakeouts — always protect capital.
What do you think? Is $LAYER gearing up for a reversal or is more pain ahead?
Let’s discuss in the comments