$LAYER Just Got Liquidated – $6.8K Vanished at $1.1302!
The bulls just took a brutal hit – $6,891 worth of long positions wiped out at $1.1302. This kind of shakeout doesn’t happen for nothing!
So, what’s the move now? Let’s break it down:
Chart Psychology: This liquidation hints at weak hands getting flushed, and smart money might be eyeing entries right now.
$LAYER Trading Plan – Eyes on the Prize!
Buy Zone:
$1.0800 – $1.1200
A strong accumulation range, where price could bounce back after panic liquidations.
Target Zones:
Target 1: $1.1800 – First resistance
Target 2: $1.2300 – Liquidity sweep zone
Target 3: $1.2850 – Potential breakout level if momentum builds
Stop Loss:
$1.0450 (below recent structure, protects against deeper dive)
Why This Matters:
This liquidation event shows fear entering the market. And when there's fear, there's opportunity. Price is now in a high reward-risk zone. If we hold above $1.08, bulls might return with vengeance!
Warning:
Wait for signs of strength or a confirmation candle before entering. Never catch a falling knife without gloves!