LAYER Token: Is the Dip Your Golden Entry❓
After a sharp correction from its all-time high of $3.42, Solayer (LAYER) is now trading at just $1.08 — down over 65% since early May. The cause? A 13% token unlock triggered intense sell pressure. But here’s where things get interesting…
Support seems to be forming around the $1.05–$1.20 range. If bulls step in, this could mark the start of a rebound phase.
💡Trade Setup:
⛔Entry Zone: $1.10 – $1.20
🎯Profit Target: $1.50 – $1.70
🚷Stop Loss: $0.95
The token unlock is mostly priced in
Oversold conditions are showing up on multiple timeframes Volume is stabilizing signaling a potential reversal
Risk-Reward Ratio looks attractive here for short-term swing traders. As always, set tight stops and follow the momentum!
Buy and trade here👇🏻