$LAYER Weekly Chart Flashing Major Reversal Signals

Here's what the candlesticks are telling us:

Bearish Engulfing After Bull Run

Strong uptrend topped at $3.43, but the latest massive red candle wiped out several prior green ones — textbook bearish engulfing.

Volume Spike = Distribution?

Heavy volume on the red candle suggests big players may be offloading bags onto late buyers.

RSI Breakdown

RSI crashed to 44.12, falling from overbought levels — momentum is gone, and sentiment is shifting.

Price Below MA7

Price now at $1.40, way below the 7-day MA at $2.05 — clear breakdown.

Conclusion:

Looks like a classic bull trap.

If you’re holding — protect your capital.

If you're sidelined — wait for clear support before jumping in.

Trade smart. Don't chase hype.

#LAYER #CryptoAnalysis #BearTrap #Altcoins #TA

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