$LAYER Current Market Condition:

Price: $1.3018 (down -25.61% from a recent high).

24h Range: $1.2331 (Low) to $1.7888 (High).

Volume: Significant (116M LAYER /162M USDT), indicating active trading.

Trend: The price is near the 24h low, suggesting short-term bearish momentum.

Key Observations:

1. Support/Resistance Levels:

Immediate support: $1.2331 (24h Low).

Resistance: $1.7860-1.7888 (recent high).

Lower support (if broken): $0.7348-0.6000 (from the "Depth" section).Shorting Opportunity (If Downtrend Continues):

Entry: Below $1.2331 (confirmed breakdown).

Target: $0.7348 (next major support).

Stop Loss: $1.30 (above the current price).

Final Notes:

Watch for Confirmation: Look for

volume spikes or candlestick patterns (e.g., hammer, engulfing) before entering.

Risk Management: Never risk more than 1-2% of your capital per trade.

Market Sentiment: The DeFi sector can be highly volatile; monitor broader crypto trends (e.g., Bitcoin movement).#StripeStablecoinAccounts