LAYER Token: Is This the Golden Dip Opportunity?
After a steep drop from its all-time high of $3.42, Solayer (LAYER) is now trading around $1.08—a decline of over 65% since early May. The main catalyst? A 13% token unlock, which sparked heavy selling pressure.
But now, things are getting interesting...
Key support is forming between $1.05 and $1.20, suggesting that buyers may soon step in. If bullish momentum builds, we could be looking at the early stages of a rebound.
Trade Setup:
Entry Zone: $1.10 – $1.20
Profit Target: $1.50 – $1.70
Stop Loss: $0.95
Why consider this trade?
The token unlock appears priced in
Oversold signals flashing on multiple timeframes
Volume is stabilizing, hinting at a potential reversal
The risk-to-reward ratio is favorable for short-term swing trades
As always, use tight stop-losses and trade with discipline. Momentum will be key here.
Trade $LAYER here
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