$LAYER / USDT – Bearish Rejection at Local Highs, Short Setup in Play! 💣

After a sharp run-up, $LAYER / USDT hit resistance near the $1.12 mark and is now showing signs of exhaustion. The formation of consecutive bearish candles and lower highs points to weakening momentum.

📉 Trade Setup

Entry: $1.045

Take Profit: $0.985

Stop Loss: $1.09

The rejection from the top and the narrowing candles near $1.04 hint at a potential breakdown. A close below $1.025 could confirm further downside, especially with broader market caution.

🧠 Risk Management: Tighten stops above $1.09 to protect against quick spikes.

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