$LAYER 🔥 TRADE AND INVEST 🔥
Trade Setup (Short):⭐
Entry: 1.1680 – 1.1720
Targets (TP): 1.1500 / 1.1350
Stop Loss (SL): 1.1860
Price action has repeatedly failed to reclaim the upper resistance zone around 1.1850, forming a range-bound structure with multiple rejection wicks. The chart shows weakening bullish momentum, and now $LAYER is showing signs of breaking below the key horizontal support near 1.1700. A breakdown from this consolidation range could trigger a sharper move downward.
Market Outlook:
Bearish bias as long as price holds below the 1.1850 resistance. Breakdown confirmation below 1.1700 will likely intensify selling pressure. Watch for volume spikes to validate the move. Traders should maintain tight risk control in this consolidation breakout zone.
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This is a high-risk bounce trade — ideal for scalping or quick gains. Not financial advice — always DYOR! ✅